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.

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 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 totime.

COMPLIANCE OF LAWS RELATING TOREMITTANCES. 3.1 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 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 fulfil 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 totimeto time.

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.

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.

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.

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.

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.

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 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 its obligations under this Agreement. Any , 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/ its/his/her part 2 to comply with the applicable guidelines issued by the Reserve Bank of India, he/ it/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.

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.

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.

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.