Common use of COMPLIANCE OF LAWS RELATING TOREMITTANCES Clause in Contracts

COMPLIANCE OF LAWS RELATING TOREMITTANCES. 3.1 The Allottee, if residence outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation made thereunder or any statutory amendments or modifications made thereof and all others applicable laws including that of remittance of payment, acquisition/ sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approval which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of FEMA or statutory enactments or amendments thereof and the Rules and Regulation of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/ her part 2 comply with the applicable guidelines issued by the Reserve Bank of India, he/ she may be liable for any action under FEMA or other laws as applicable, as amended from time totime. 3.2 The Promoter accepts no responsibility in regard to matters specified in Term 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regards. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the solve responsibility of the Allottee to intimate the same in writing to the Promoters immediately and comply withnecessary formalities if any, under the applicable laws. The Promoter shall notbe responsible towards any third party making payment/remittances on behalf of Allottee and such third party shall not have any right in the application/allotment of the said Apartment/ Plot apply for herein in any way and the Promoter shall be issuing the payment receipts in favor of the Allottee only.

COMPLIANCE OF LAWS RELATING TOREMITTANCES. 3.1 The Allottee, if residence outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation made thereunder or any statutory amendments or modifications made thereof and all others applicable laws including that of remittance of payment, acquisition/ sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approval which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of FEMA or statutory enactments or amendments thereof and the Rules and Regulation of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/ her part 2 comply with the applicable guidelines issued by the Reserve Bank of India, he/ she may be liable for any action under FEMA or other laws as applicable, as amended from time totimeto time. 3.2 The Promoter accepts no responsibility in regard to matters specified in Term 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regards. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the solve responsibility of the Allottee to intimate the same in writing to the Promoters immediately and comply withnecessary formalities if any, under the applicable laws. The Promoter shall notbe responsible towards any third party making payment/remittances on behalf of Allottee and such third party shall not have any right in the application/allotment of the said Apartment/ Plot apply for herein in any way and the Promoter shall be issuing the payment receipts in favor of the Allottee only.

COMPLIANCE OF LAWS RELATING TOREMITTANCES. 3.1 The Allottee, if residence resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA')Act, 1999, Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation Regulations made thereunder there under or any statutory amendments or modifications amendments/modification(s) made thereof and all others other applicable laws including that of remittance of payment, acquisition/ payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approval approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be he made in accordance with the provisions of FEMA Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulation Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/ his/her part 2 to comply with the applicable guidelines issued by the Reserve of Bank of India, he/ he/she may be liable for any action under FEMA the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time totime. 3.2 to time. The Promoter accepts no responsibility in regard to matters specified in Term Clause 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the solve sole responsibility of the Allottee to intimate the same in writing to the Promoters Promoter immediately and comply withnecessary with necessary formalities if any, any under the applicable laws. The Promoter shall notbe not be responsible towards any third party making payment/payment/ remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment/ Plot apply Flat applied for herein in any way and the Promoter shall be issuing the payment receipts in favor favour of the Allottee only.

COMPLIANCE OF LAWS RELATING TOREMITTANCES. 3.1 The Allottee, if residence outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation made thereunder or any statutory amendments or modifications made thereof and all others applicable laws including that of remittance of payment, acquisition/ sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approval which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of FEMA or statutory enactments or amendments thereof and the Rules and Regulation of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/ her part 2 comply with the applicable guidelines issued by the Reserve Bank of India, he/ she may be liable for any action under FEMA or other laws as applicable, as amended from time totime. 3.2 The Promoter accepts no responsibility in regard to matters specified in Term 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regards. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the solve responsibility of the Allottee to intimate the same in writing to the Promoters immediately and comply withnecessary formalities if any, under the applicable laws. The Promoter shall notbe withnecessaryformalitiesifany,undertheapplicablelaws.ThePromotershallnot be responsible towards any third party making payment/remittances on behalf of Allottee and such third party shall not have any right in the application/allotment of the said Apartment/ Plot apply for herein in any way and the Promoter shall be issuing the payment receipts in favor of the Allottee only.

COMPLIANCE OF LAWS RELATING TOREMITTANCES. 3.1 The AllotteeAllottee(s), if residence resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation made thereunder there under or any statutory amendments or modifications made thereof and all others applicable laws including that of remittance of payment, acquisition/ sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approval which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of FEMA or statutory enactments or amendments thereof and the Rules and Regulation of the Reserve Bank of India or any other applicable law. The Allottee Allottee(s) understands and agrees that in the event of any failure on his/ her part 2 to comply with the applicable guidelines issued by the Reserve Bank of India, he/ she may be liable for any action under FEMA or other laws as applicable, as amended from time totimeto time. 3.2 The Promoter accepts no responsibility in regard to matters specified in Term Clause 3.1 above. The Allottee Allottee(s) shall keep the Promoter fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Allottee Allottee(s) subsequent to the signing of this Agreement, it shall be the solve sole responsibility of the Allottee Allottee(s) to intimate the same in writing to the Promoters Promoter immediately and comply withnecessary with necessary formalities if any, under the applicable laws. The Promoter shall notbe not be responsible towards any third party making payment/remittances on behalf of Allottee Allottee(s) and such third party shall not have any right in the application/allotment of the said Apartment/ Plot apply for herein Unit in any way and the Promoter shall be issuing the payment receipts in favor of the Allottee onlyAllottee(s)only.

COMPLIANCE OF LAWS RELATING TOREMITTANCES. 3.1 The Allottee, if residence resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA')Act, 1999, Reserve Bank of India Act, 1934 ('RBI' Act) Act and the Rules and Regulation Regulations made thereunder or any statutory amendments or modifications amendment(s) modification(s) enactments made thereof and all others other applicable laws including that of remittance of payment, acquisition/ sale/ payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter Owner/Vendor with such permission, approval approvals which would enable the Promoter Owner/Vendor to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of FEMA Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulation Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/ his/her part 2 to comply with the applicable guidelines issued by the Reserve Bank of IndiaIndia or other authority or authorities, he/ he/she may shall be solely liable for any action all actions under FEMA the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time totime. 3.2 The Promoter Owner/Vendor accepts no responsibility in regard to matters specified in Term para 3.1 above. The Allottee shall keep the Promoter Owner/Vendor fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the solve sole responsibility of the Allottee to intimate the same in writing to the Promoters Owner/Vendor immediately and comply withnecessary formalities with necessary formalities, if any, under the applicable laws. The Promoter Owner/Vendor shall notbe not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment/ Plot apply apartment applied for herein in any way and the Promoter Owner/Vendor shall be issuing the payment receipts in favor favour of the Allottee onlyonly upon receipt of the written confirmation of payer.

COMPLIANCE OF LAWS RELATING TOREMITTANCES. 3.1 The Allottee, if residence resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA')Act, 1999, Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation Regulations made thereunder or any orany statutory amendments or modifications amendment(s) modification(s) made thereof and all others other applicable laws including that of remittance of payment, acquisition/ sale/ payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approval approvals which would enable the Promoter to fulfill fulfil its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of FEMA Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulation Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/ his/her part 2 to comply with the applicable guidelines issued by the Reserve Bank of India, he/ ; he/she may be liable for any action under FEMA the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time totimeto time. 3.2 The Promoter accepts no responsibility in regard to matters specified in Term para 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the solve sole responsibility of the Allottee to intimate the same in writing to the Promoters immediately and comply withnecessary AllotteetointimatethesameinwritingtothePromoterimmediatelyandcomplywith necessary formalities if any, any under the applicable laws. The Promoter shall notbe not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment/ Plot apply for herein in any way and the Promoter shall be issuing the thesaidshopappliedforhereininanywayandthePromotershallbeissuingthe payment receipts in favor favour of the Allottee onlyAllotteeonly.

COMPLIANCE OF LAWS RELATING TOREMITTANCES. 3.1 The Allottee, if residence resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA')Act, 1999, Reserve Bank of India Act, 1934 ('RBI' Act) Act and the Rules and Regulation Regulations made thereunder or any statutory amendments or modifications amendment(s) modification(s) made thereof and all others other applicable laws including that of remittance of payment, acquisition/ sale/ payment acquisition/transfer of immovable properties in India etc. and provide the Promoter with such permission, approval approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of FEMA Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulation Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/ his/her part 2 to comply with the applicable guidelines issued by the Reserve Bank of India, he/ he/she may shall be solely liable for any action all actions under FEMA the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time totime. 3.2 The Promoter accepts no responsibility in regard to matters specified in Term 3.1 para3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the solve sole responsibility of the Allottee to intimate the same in writing to the Promoters Promoter immediately and comply withnecessary formalities with necessary formalities, if any, under the applicable laws. The Promoter shall notbe not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment/ Plot apply office unit applied for herein in any way and the Promoter shall be issuing the payment receipts in favor favour of the Allottee onlyonly upon receipt of the written confirmation of payer.

COMPLIANCE OF LAWS RELATING TOREMITTANCES. 3.1 The Allottee, if residence resident outside India, shall be solely sole responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA')Act, 1999, Reserve Bank of India Actact, 1934 ('RBI' Act) and the Rules and Regulation Regulations made thereunder there under or any statutory amendments or modifications amendments/modification(s) made thereof and all others other applicable laws including that of remittance of payment, acquisition/ payment acquisition/sale/ transfer of immovable properties in India etc. and provide the Promoter PROMOTER with such permission, approval approvals which would enable the Promoter PROMOTER to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be he made in accordance with the provisions of FEMA Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulation Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/ his/her part 2 comply with the applicable guidelines issued by the Reserve Bank of India, he/ she may be liable for any action under FEMA or other laws as applicable, as amended from time totime.to comply 3.2 The Promoter PROMOTER accepts no responsibility in regard to matters specified in Term para 3.1 above. , The Allottee shall keep the Promoter PROMOTER fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it . It shall be the solve sole responsibility of the Allottee to intimate the same in writing to the Promoters PROMOTER immediately and comply withnecessary with necessary formalities if any, any under the applicable laws. The Promoter PROMOTER shall notbe not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment/ Plot apply apartment applied for herein in any way and the Promoter PROMOTER shall be issuing the payment receipts in favor favour of the Allottee only. 3.3 The purchasers hereby agrees that the owner/vendor shall have full and absolute right without any interference of third party/ies to develop further and other Phases of Bhawani Inara on the adjacent land which may either be acquired by the Developer or suitable arrangements with regard thereto may be entered into by the Developer and It shall be independent and a right secured with the Vendors to enlarge and/or extend and/or expand the said project and construct additional blocks in the adjoining land that may be acquired subsequently by the Vendors, the purchasers(s) in that event shall raise no objection in any manner whatsoever and shall co-operate with the Vendors and the vendors shall every right to open an access for ingress and egress to the adjoining land in future and the purchasers has no objection in any manners. The Developer and the Occupiers of units at other phases of Bhawani Inara shall have the right to use the approach road and other common areas and facilities/amenities comprised the entire project, for which the purchasers shall not raise any objection of whatsoever nature and waives the right to raise any such objection.

COMPLIANCE OF LAWS RELATING TOREMITTANCES. 3.1 4.1 The Allottee, if residence resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA')Act, 1999, Reserve Bank of India Act, 1934 ('RBI' Act) Act and the Rules and Regulation Regulations made thereunder there under or any statutory amendments or modifications amendment(s) modification(s) made thereof and all others other applicable laws including that of remittance of payment, acquisition/ sale/ payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approval approvals which would enable the Promoter to fulfill fulfil its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of FEMA Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulation Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/ his/her part 2 to comply with the applicable guidelines issued by the Reserve Bank of India, he/ India he/she may shall be liable for any action under FEMA the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time totimeto time. 3.2 4.2 The Promoter accepts no responsibility in regard to matters specified in Term 3.1 para 4.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the solve sole responsibility of the Allottee to intimate the same in writing to the Promoters Promoter immediately and comply withnecessary with necessary formalities if any, any under the applicable laws. The Promoter shall notbe not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment/ Plot apply apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favor favour of the Allottee only.

COMPLIANCE OF LAWS RELATING TOREMITTANCES. 3.1 The AllotteeAllottee(s), if residence residing outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA')Act, 1999, Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation Regulations made thereunder there under or any other statutory amendments or modifications amendment(s) modification(s) made thereof and all others other applicable laws including that of remittance of payment, payment acquisition/ sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approval approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of FEMA Foreign Exchange Management Act, 1999 or any other statutory enactments or amendments thereof and the Rules and Regulation Regulations of the Reserve Bank of India or any other applicable law. The Allottee Allottee(s) understands and agrees that in the event of any failure on his/ her part 2 to comply with the applicable guidelines issued by the Reserve Bank of India, he/ she may be liable for any action under FEMA the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time totime. 3.2 to time. The Promoter accepts no responsibility in regard to matters specified in Term para 3.1 above. The Allottee Allottee(s) shall keep the Promoter fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Allottee Allottee(s) subsequent to the signing of this Agreement, it shall be the solve sole responsibility of the Allottee Allottee(s) to intimate the same in writing to the Promoters Promoter immediately and comply withnecessary with all necessary formalities if any, as specified and under the applicable laws. The Promoter shall notbe not be responsible towards any third party making payment/payment/ remittances on behalf of Allottee any Allottee(s) and such third party shall not have any right in the application/application/ allotment of the said Apartment/ Plot apply Unit applied for herein in any way and the Promoter shall be issuing the payment receipts in favor favour of the Allottee Allottee(s) only.

COMPLIANCE OF LAWS RELATING TOREMITTANCES. 3.1 3.1. The Allottee, if residence outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulation made thereunder or any statutory amendments or modifications made thereof and all others applicable laws including that of remittance of payment, acquisition/ sale/ transfer of immovable properties in India etc. and provide the Promoter with such permission, approval which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of FEMA Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulation of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/ her part 2 to comply with the applicable guidelines issued by the Reserve Bank of India, he/ she may be liable for any action under FEMA Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time totimefromtimetotime. 3.2 3.2. The Promoter accepts no responsibility in regard to matters specified in Term Para 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regards. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the solve sole responsibility of the Allottee to intimate the same in writing to the Promoters immediately and comply withnecessary formalities if any, under the applicable theapplicable laws. The Promoter shall notbe not be responsible towards any third party making payment/remittances on behalf of Allottee and such third party shall not have any right in the application/allotment of the said Apartment/ Plot apply for herein in any way and the Promoter shall be issuing the payment thepayment receipts in favor of the Allottee only.

COMPLIANCE OF LAWS RELATING TOREMITTANCES. 3.1 4.1 The Allottee, if residence resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA')Act, 1999, Reserve Bank of India Act, 1934 ('RBI' Act) Act and the Rules and Regulation Regulations made thereunder or any statutory amendments or modifications amendment(s) modification(s) made thereof and all others other applicable laws including that of remittance of payment, acquisition/ sale/ payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approval approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of FEMA Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulation Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/ his/her part 2 to comply with the applicable guidelines issued by the Reserve Bank of India, he/ he/she may shall be liable for any action under FEMA the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time totime. 3.2 4.2 The Promoter accepts no responsibility in regard to matters specified in Term 3.1 para 4.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Allottee subsequent Allotteesubsequent to the signing of this Agreement, it shall be the solve sole responsibility of the Allottee to intimate the same in writing to the Promoters Promoter immediately and comply withnecessary with necessary formalities if any, any under the applicable laws. The Promoter shall notbe not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment/ Plot apply apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favor favour of the Allottee only.

COMPLIANCE OF LAWS RELATING TOREMITTANCES. 3.1 The Allottee, if residence resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act,1999 ('FEMA')Act, 1999, Reserve Bank of India Act, 1934 ('RBI' Act) Act and the Rules and Regulation Regulations made thereunder or any statutory amendments or modifications amendment(s) modification(s) made thereof and all others other applicable laws including that of remittance of payment, acquisition/ sale/ payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approval approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of FEMA Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulation Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/ his/her part 2 to comply with the applicable guidelines issued by the Reserve Bank of India, he/ he/she may shall be liable for any action under FEMA the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time totime. 3.2 to time. The Promoter accepts no responsibility in regard to matters specified in Term 3.1 this para as above. The Allottee shall keep the Promoter fully indemnified and harmless in this regardsregard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the solve sole responsibility of the Allottee to intimate the same in writing to the Promoters Promoter immediately and comply withnecessary with necessary formalities if any, any under the applicable laws. The Promoter shall notbe not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said Apartment/ Plot apply Apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favor favour of the Allottee only.