COMPLIANCEOFLAWSRELATINGTOREMITTANCES. The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act and Rules and Regulations made thereunder or any statutory amendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, 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 Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and 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/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. The Promoter accepts no responsibility in this regard. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall 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 applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.
COMPLIANCEOFLAWSRELATINGTOREMITTANCES. The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities aslaiddowninForeignExchangeManagementAct,1999,ReserveBankofIndiaActandRulesandRegulationsmadethereu nderoranystatutoryamendment(s)modification(s)madethereofandallotherapplicablelawsincludingthatof remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoterwith such permission, 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 theprovisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and theRules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands andagreesthatintheeventofanyfailureonhis/herparttocomplywiththeapplicableguidelinesissuedbytheReserveBank of India, he/she shall be liable for any action under the Foreign Exchange Management Act, 1999 or otherlawsasapplicable,asamendedfromtimetotime. The Promoter accepts no responsibility in this regard. The Allottee shall keep the Promoter fully indemnified andharmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to thesigning of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to thePromoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shallnot be responsible towards any third party making payment/remittances on behalf of any Allottee and such thirdpartyshallnothaveanyrightintheapplication/allotmentofthesaidapartmentappliedforhereininanywayandtheProm otershallbeissuingthepaymentreceiptsinfavouroftheAllotteeonly.
COMPLIANCEOFLAWSRELATINGTOREMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in the Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments and/or modifications made thereof and all other applicable laws including that of remittanceofpayment,acquisition,saleand/ortransferofimmovableproperties in India and provide the Promoter with such permissions and/or approvals which would enable the Promoter to fulfil their 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 the Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules andRegulations ofthe Reserve Bankof India oranyother applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may be liable at itsowncost and expense, for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
COMPLIANCEOFLAWSRELATINGTOREMITTANCES. 3.1.The Allottee, if resident outside India, shall be solely responsiblefor complying withthenecessary formalities as laid down inForeign Exchange Management Act, 1999,Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder orany statutory amendment(s) modification(s) made thereof and all other applicablelaws including that of remittance of payment acquisition/sale/transfer of immovableproperties in India etc. and provide the Promoter with such permission, approvalswhich would enable the Promoter to fulfil its obligations under this Agreement. Anyrefund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or thestatutory enactments or amendments thereof and the Rules and Regulations of theReserve Bank of India or any other applicable law. The Allotteeunderstandsandagreesthat intheeventofanyfailureonhis/her part to comply with the applicableguidelines issued by the Reserve Bank of India; he/she may be liable for any actionunder the Foreign Exchange Management Act, 1999orother laws as applicable, asamended fromtime to time.
COMPLIANCEOFLAWSRELATINGTOREMITTANCES. 3.1 The Allottee, if resident outside India, shall be solely responsible forcomplyingwiththenecessaryformalitiesaslaiddowninForeignExchange Management Act, 1999, Reserve Bank of India Act, 1934 andtheRulesandRegulationsmadethereunderoranystatutoryamendment(s) modification(s) made thereof and all other applicable lawsincludingthatofremittanceofpaymentacquisition/sale/transferofimmov able properties in India etc. and provide the Promoter with suchpermission,approvalswhichwouldenablethePromotertofulfillitsobligat ions under this Agreement. Any refund, transfer of security, ifprovidedintermsoftheAgreementshallbemadeinaccordancewiththe provisions of Foreign Exchange Management Act, 1999 or the statutoryenactments or amendments thereof and the Rules and Regulations of theReserveBankofIndiaoranyotherapplicablelaw.TheAllotteeunderstands and agrees that in the event of any failure on his/her part tocomply with the applicable guidelines issued by the Reserve Bank ofIndia; he/she may be liable for any action under the Foreign ExchangeManagementAct,1999orotherlawsasapplicable,asamendedfromt imeto time.
