Common use of COMPLIANCEOFLAWSRELATINGTOREMITTANCES Clause in Contracts

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. The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities aslaiddowninForeignExchangeManagementAct,1999,ReserveBankofIndiaActandRulesandRegulationsmadethereu nderoranystatutoryamendment(s)modification(s)madethereofandallotherapplicablelawsincludingthatof aslaiddowninForeignExchangeManagementAct,1999,ReserveBankofIndiaActandRule sandRegulationsmadethereunderoranystatutoryamendment(s)modification(s)madether eofandallotherapplicablelawsincludingthatof 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 herparttocomplywiththeapplicableguideline sissuedbytheReserveBank 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 otershallbeissuingthepaymentreceiptsinfavouroftheAllotteeonlyallotmentofthesaidapartmentappliedfor hereininanywayandthePromotershallbeissuingthepaymentreceiptsinfavouroftheAllotte eonly.

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 necessaryformalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act andRules and Regulations made thereunder or any statutory amendment(s) modification(s) made thereofand all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable ofimmovable properties in India etc. and provide the Promoterwith Promoter with such permission, approvals which would whichwould enable the Promoter to fulfill its obligations under this Agreement.. Any refund, transfer of securityofsecurity, 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 provisions ofForeignExchangeManagementAct,1999orstatutoryenactmentsoramendmentsthereofandtheRulesand RegulationsoftheReserveBankofIndiaoranyotherapplicablelaw. TheAllotteeunderstandsandagreesthatintheeventofanyfailureonhis/her parttocomplywiththeapplicable guidelines issuedby 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 ActManagementAct,1999orother lawsas applicable, 1999 or otherlawsasapplicable,asamendedfromtimetotimeas amended fromtime totime. The Promoter accepts no responsibility in this regard. The Allottee shall keep the Promoter fully indemnified andharmless fullyindemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee theAllottee subsequent to thesigning the signing of this Agreement, it shall be the sole responsibility of the Allottee to Allotteeto intimate the same in writing to thePromoter the Promoter immediately and comply with necessary formalities if any ifany under the applicable laws. The Promoter shallnot shall not be responsible towards any third party making paymentmakingpayment/remittances on behalf of any Allottee and such thirdpartyshallnothaveanyrightintheapplicationthird party shall not have any right in theapplication/allotmentofthesaidapartmentappliedforhereininanywayandtheProm otershallbeissuingthepaymentreceiptsinfavouroftheAllotteeonlyallotment of the said apartment applied for herein in any way and the Promoter shall beissuingthepaymentreceiptsin favour oftheAllottee only.

COMPLIANCEOFLAWSRELATINGTOREMITTANCES. 3.1 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 forcomplyingwiththenecessaryformalitiesaslaiddowninForeignExchange Management Act, 1999, Reserve Bank of payment acquisitionIndia Act, 1934 andtheRulesandRegulationsmadethereunderoranystatutoryamendment(s) modification(s) made thereof and all other applicable lawsincludingthatofremittanceofpaymentacquisition/sale/transfer of immovable transferofimmov able properties in India etc. and provide the Promoterwith such permission, approvals which would enable the Promoter to fulfill its obligations with suchpermission,approvalswhichwouldenablethePromotertofulfillitsobligat ions under this Agreement.. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with theprovisions ifprovidedintermsoftheAgreementshallbemadeinaccordancewiththe provisions of Foreign Exchange Management Act, 1999 or statutory enactments the statutoryenactments or amendments thereof and theRules 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 of India or any other applicable law. The Allottee understands andagreesthatintheeventofanyfailureonhis/herparttocomplywiththeapplicableguidelinesissuedbytheReserveBank of India, ofIndia; he/she shall may be liable for any action under the Foreign Exchange Management Act, 1999 or otherlawsasapplicableExchangeManagementAct,1999orotherlawsasapplicable,asamendedfromtimetotime. asamendedfromt imeto time. 3.2 The Promoter accepts no responsibility in this regardregard to matters specified inpara 3.1 above. 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 Agreementindemnifiedandharmlessinthisregard.Wheneverthereisanychangeinther esidentialstatusoftheAllotteesubsequenttothesigningofthisAgreement, it shall be the sole responsibility of the Allottee to intimate the intimatethe same in writing to thePromoter the Promoter immediately and comply with necessary withnecessary formalities if any under the applicable laws. The Promoter shallnot Promotershall not be responsible towards any third party making paymentpayment /remittancesonbehalfofanyAllotteeandsuchthirdpartyshallnothaveanyri ghtintheapplication/remittances on behalf of allotmentofthesaidapartmentapplied for herein in any Allottee way and such thirdpartyshallnothaveanyrightintheapplication/allotmentofthesaidapartmentappliedforhereininanywayandtheProm otershallbeissuingthepaymentreceiptsinfavouroftheAllotteeonlythe Promoter shall be issuing thepaymentreceiptsin favouroftheAllotteeonly.

COMPLIANCEOFLAWSRELATINGTOREMITTANCES. The Allottee/s, if resident outside India, shall be solely responsible for complying with the necessary formalities aslaiddowninForeignExchangeManagementAct,1999,ReserveBankofIndiaActandRulesandRegulationsmadethereu nderoranystatutoryamendment(s)modification(s)madethereofandallotherapplicablelawsincludingthatof aslaiddowninForeignExchangeManagementAct,1999,ReserveBankofIndiaActandRule sandRegulationsmadethereunderoranystatutoryamendment(s)modification(s)madether eofandallotherapplicablelawsincludingthatof remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoterwith Vendors/Promoter with such permission, approvals which would enable the Vendors/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 Allottee/s understands andagreesthatintheeventofanyfailureonhis/herparttocomplywiththeapplicableguidelinesissuedbytheReserveBank herparttocomplywiththeapplicableguideline sissuedbytheReserveBank of India, he/she shall be liable for any action under the Foreign Exchange Management Act, 1999 or otherlawsasapplicable,asamendedfromtimetotime. The Vendors/Promoter accepts no responsibility in this regard. The Allottee Allottee/s shall keep the Vendors/Promoter fully indemnified andharmless in this regard. Whenever there is any change in the residential status of the Allottee Allottee/s subsequent to thesigning of this Agreement, it shall be the sole responsibility of the Allottee Allottee/s to intimate the same in writing to thePromoter theVendors/Promoter immediately and comply with necessary formalities if any under the applicable laws. The Vendors/Promoter shallnot be responsible towards any third party making payment/remittances on behalf of any Allottee Allottee/s and such thirdpartyshallnothaveanyrightintheapplication/allotmentofthesaidapartmentappliedforhereininanywayandtheProm otershallbeissuingthepaymentreceiptsinfavouroftheAllotteeonlyallotmentofthesaidapartmentappliedfor hereininanywayandtheVendors/Promoter shallbeissuingthepaymentreceiptsinfavouroftheAllottee/sonly.

COMPLIANCEOFLAWSRELATINGTOREMITTANCES. 3.1 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 as laid down in the Foreign Exchange Management Act, 1999, Reserve Bank of payment 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/sale/transfer of immovable properties ortransferofimmovableproperties in India etc. and provide the Promoterwith Promoter with such permission, permissions and/or approvals which would enable the Promoter to fulfill its fulfil their obligations under this Agreement.. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with theprovisions the provisions of the Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and theRules and Regulations of the Rules andRegulations ofthe Reserve Bank of Bankof India or any other oranyother applicable law. The Allottee understands andagreesthatintheeventofanyfailureonhisand agrees that in the event of any failure on his/herparttocomplywiththeapplicableguidelinesissuedbytheReserveBank her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she shall may be liable at itsowncost and expense, for any action under the Foreign Exchange Management Act, 1999 or otherlawsasapplicable,asamendedfromtimetotime. other laws as applicable, as amended from time to time. 3.2 The Promoter accepts Promoters accept no responsibility in this regardresponsibilityinregard to matters specified inpara 3.1 above. The Allottee shall keep the Promoter fully indemnified andharmless and harmless in this regard. Whenever there is any change in the residential status of the Allottee thisregard.WheneverthereisanychangeintheresidentialstatusoftheAllottee subsequent to thesigning of this the signing ofthis Agreement, it shall be the sole responsibility of shallbethe soleresponsibilityof the Allottee to intimate the same in writing to thePromoter the Promoter immediately and comply with the necessary formalities formalities, if any any, under the applicable laws. The Promoter shallnot shall not be responsible towards any third party making payment/payments or remittances on behalf of any Allottee and such thirdpartyshallnothaveanyrightintheapplication/allotmentofthesaidapartmentappliedforhereininanywayandtheProm otershallbeissuingthepaymentreceiptsinfavouroftheAllotteeonlythird party shall not have any right in the Apartment hereby being agreed to be sold in any way and the Promotershallissue the payment receipts infavourof the Allotteeonlyandany charges for default and/or dishonour shall be the liability and responsibility of the Allottee only.

COMPLIANCEOFLAWSRELATINGTOREMITTANCES. The AllotteeTheAllottee,ifresidentoutsideIndia,shallbesoleresponsible forcomplyingwiththe necessaryformalitiesaslaiddowninForeignExchangeManagement Act,1999, if resident outside IndiaReserveBank of India act, shall be solely responsible for complying with 1934 and the necessary formalities aslaiddowninForeignExchangeManagementAct,1999,ReserveBankofIndiaActandRulesandRegulationsmadethereu nderoranystatutoryamendment(s)modification(s)madethereofandallotherapplicablelawsincludingthatof Rules and Regulations made there under or any statutory amendments/modification(s)madethereofandallotherapplicablelawsincludingthatof remittance of payment acquisition/sale/sale/ transfer of immovable properties in India etc. and provide the Promoterwith Developer with such permission, approvals which would enable the Promoter Developer 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 theprovisions the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and theRules the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands andagreesthatintheeventofanyfailureonhisand agrees that in the event of any failure on his/herparttocomplywiththeapplicableguidelinesissuedbytheReserveBank of India, her part to comply with the applicableguidelinesissued bytheReserveBankofIndia,he/she shall be liable for any action shemaybeliableforanyaction under the Foreign Exchange Management Act, 1999 or otherlawsasapplicable,asamendedfromtimetotimeother laws as applicable, as amended from time totime. The Promoter Developer accepts no responsibility in this regard. regard to matters specified in para 3.1 above, The Allottee shall keep the Promoter Developer fully indemnified andharmless and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to thesigning the signing of this Agreement, it . It shall be the sole responsibility of the Allottee to intimate the same in writing to thePromoter the Developer immediately and comply with necessary formalities if any under the applicable laws. The Promoter shallnot Developer shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such thirdpartyshallnothaveanyrightintheapplicationthird party shall not haveany right in the application/allotmentofthesaidapartmentappliedforhereininanywayandtheProm otershallbeissuingthepaymentreceiptsinfavouroftheAllotteeonly.allotment of the said apartment applied for herein in any way and the Developer shall be issuing the payment receipts in favour of the Allottee only. The purchasers hereby agrees that the owner/vendor shall have full and absolute right without any interference to develop further and other Phases of ▇▇▇▇▇▇▇ AQUA VIEW on the adjacent land which may either be acquired by the Developeror 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 Developerand the Occupiers of units at other phases of ▇▇▇▇▇▇▇ AQUA VIEW shall have the right to use the approach road and other common areas and facilities comprised the entire project, for which the purchasersshall not raise any objection of whatsoever nature and waives the right to raise any such objection

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 as laiddowninForeignExchangeManagementAct,1999,ReserveBankofIndiaActandRulesa ndRegulationsmade thereunderoranystatutoryamendment(s)modification(s)madethereofandallotherapplica blelawsincludingthat of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoterwith Promoter/Owner with such permission, approvals which would enable the Promoter Promoter/Owner 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 the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and theRules the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands andagreesthatintheeventofanyfailureonhisand agreesthatintheeventofanyfailureonhis/herparttocomplywiththeapplicableguidelinesissuedbytheReserveBank herparttocomplywiththeapplicableguidelinesiss uedbytheReserve Bank of India, he/she shall be liable for any action under the Foreign Exchange Management Act, 1999 or otherlawsasapplicable,asamendedfromtimetotime. other laws as applicable, as amended from time totime.The Promoter Promoter/Owner accepts no responsibility in this regard. The Allottee shall keep the Promoter Promoter/Owner fully indemnified andharmless and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to thesigning the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to thePromoter the Promoter/Owner immediately and comply with necessary formalities if any under the applicable laws. The Promoter shallnot Promoter/Owner shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such thirdpartyshallnothaveanyrightintheapplicationthird partyshallnothaveanyrightintheapplication/allotmentofthesaidapartmentappliedforhereininanywayandtheProm otershallbeissuingthepaymentreceiptsinfavouroftheAllotteeonlyallotmentofthesaidapartmentappliedforherei ninanywayandthe Promoter/Owner shall be issuing the payment receipts in favour of the Allotteeonly. TheAllotteeauthorizesthePromoter/Ownertoadjust/appropriateallpaymentsmadebyhim/ herunderanyhead(s)ofdues against lawful outstanding, if any, in his/her name as the Promoter/Owner may in its sole discretion deem fit and the Allottee undertakes not to object/demand/direct the Promoter/Owner to adjust his payments in anymanner.

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 aslaiddowninForeignExchangeManagementAct,1999,ReserveBankofIndiaActandRulesandRegulationsmadet hereunderoranystatutoryamendment(s)modification(s)madethereofandallotherapplicablelawsincludingtha tof 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 herparttocomplywiththeapplicableguidelinesissuedbytheReserv eBank 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 otershallbeissuingthepaymentreceiptsinfavouroftheAllotteeonlyallotmentofthesaidapartmentappliedforhereininanywayan dthePromotershallbeissuingthepaymentreceiptsinfavouroftheAllotteeonly.

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 aslaiddowninForeignExchangeManagementAct,1999,ReserveBankofIndiaActand RulesandRegulationsmadethereunderoranystatutoryamendment(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 herparttocomplywiththeapplicableguid elinesissuedbytheReserveBank 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 third-party making payment/remittances on behalf of any Allottee and such thirdpartyshallnothaveanyrightintheapplication/allotmentofthesaidapartmentappliedforhereininanywayandtheProm otershallbeissuingthepaymentreceiptsinfavouroftheAllotteeonlyallotmentofthesaidapartmentapplie dforhereininanywayandthePromotershallbeissuingthepaymentreceiptsinfavourofth eAllotteeonly.

COMPLIANCEOFLAWSRELATINGTOREMITTANCES. 3.1. The Allottee, if resident outside India, shall be solely responsible for responsiblefor complying with withthenecessary formalities as laid down inForeign Exchange Management Act, 1999,Reserve Bank of India Act, 1934 and the necessary formalities aslaiddowninForeignExchangeManagementAct,1999,ReserveBankofIndiaActandRulesandRegulationsmadethereu nderoranystatutoryamendment(s)modification(s)madethereofandallotherapplicablelawsincludingthatof 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 immovable properties immovableproperties in India etc. and provide the Promoterwith Promoter with such permission, approvals which approvalswhich would enable the Promoter to fulfill fulfil its obligations under this Agreement.Any refund. Anyrefund, transfer of security, if provided in terms of the Agreement shall be made in accordance with theprovisions the provisions of Foreign Exchange Management Act, 1999 or statutory thestatutory enactments or amendments thereof and theRules the Rules and Regulations of the Reserve theReserve Bank of India or any other applicable law. The Allottee understands andagreesthatintheeventofanyfailureonhisAllotteeunderstandsandagreesthat intheeventofanyfailureonhis/herparttocomplywiththeapplicableguidelinesissuedbytheReserveBank her part to comply with the applicableguidelines issued by the Reserve Bank of India, ; he/she shall may be liable for any action under actionunder the Foreign Exchange Management Act, 1999 or otherlawsasapplicable,asamendedfromtimetotime1999orother laws as applicable, asamended fromtime to time. 3.2. The Promoter accepts no responsibility in this regardregard to matters specified in para 3.1above. The Allottee shall keep the Promoter fully indemnified andharmless and harmless in this regardthisregard. Whenever there is any change in the residential status of the Allottee subsequent to thesigning of the signingof this Agreement, it shall be the sole responsibility of the Allottee to theAllotteeto intimate the same in writing to thePromoter immediately and comply with the Promoter immediatelyand complywith necessary formalities if any under the applicable laws. The Promoter shallnot be shall notbe responsible towards any third party making payment/remittances on behalf ofany Allotteeand such third party shall not have any right in the application/allotmentof the said apartment applied for herein in any way and the Promoter shall be issuingthe payment receipts in favour of any Allottee and such thirdpartyshallnothaveanyrightintheapplication/allotmentofthesaidapartmentappliedforhereininanywayandtheProm otershallbeissuingthepaymentreceiptsinfavouroftheAllotteeonlythe Allotteeonly.