Common use of COMPLIANCE OF LAWS RELATING TO REMITTANCES Clause in Contracts

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Allottee(s), 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, 1934 and the Rules and Regulations made thereunder or any statutory amendments/ 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 the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee(s) understand(s) and agree(s) that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she may 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 regard to matters specified in para

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee(s), 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, 1934 and the Rules and Regulations made thereunder or any statutory amendments/ amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Owner/Promoter with such permission, approvals which would enable the Owner/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 the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee(s) understand(s) understands and agree(s) agrees that in the event of any failure on his/her her/their part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she she/they may 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 regard to matters specified in para;

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 6.1 The Allottee(sPurchaser(s), if resident outside India, shall solely be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments/ amendments/modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter Developer with such permission, permissions and approvals which would enable the Promoter Developer to fulfill fullfil its obligations under this AgreementAgreement for Sale. Any refund, transfer of security, if provided in terms of the this Agreement for Sale shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee(slaw and the Purchaser(s) understand(s) understand/s and agree(s) agree/s that in the event of any failure on his/her her/their part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she she/they may 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 regard to matters specified in para.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee(s), if resident resident(s) outside India, shall be solely sole responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments/ amendments/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 Developer/Promoter with such permission, approvals which would enable the Developer/Promoter to fulfill fulfil its obligations under this AgreementAgreement for Sale. 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 the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee(s) understand(s) understand/s and agree(s) agree/s that in the event of any failure on his/her her/their part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she she/they may 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 regard to matters specified in para.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee(s)Purchaser , if resident residence outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999Act,1999 ('FEMA'), Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulations Regulation made thereunder or any statutory amendments/ modification(s) amendments or modifications made thereof and all other others applicable laws including that of remittance of payment acquisition/payment, acquisition/ sale/ transfer of immovable properties in India etc. and provide the Promoter Concrete India with such permission, approvals approval which would enable the Promoter Concrete India 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 the statutory enactments or amendments thereof and the Rules and Regulations Regulation of the Reserve Bank of India or any other applicable law. The Allottee(s) understand(s) Purchaser understands and agree(s) agrees that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/he/ she may 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 regard to matters specified in para.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1. The Allottee(s)Allottee, if is a 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, 1934 and the Rules and Regulations made thereunder there under or any statutory amendments/ amendments/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 Promoters/Owners with such permission, approvals which would enable the Promoter Promoters/Owners to fulfill its the Promoters’/Owners’ 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 Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee(s) understand(s) Allottee undertakes and agree(s) agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she may 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 regard to matters specified in para.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee(s)Purchaser, 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, 1934 and the Rules and Regulations made thereunder or any statutory amendments/ amendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ sale/transfer of immovable properties in India etc. and provide the Promoter Vendor/Developer with such permission, approvals which would enable the Promoter Vendor/Developer 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 the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee(s) understand(s) Purchaser understands and agree(s) agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she may 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 regard to matters specified in para.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee(s)Sub-Lessee/Allottee/Purchaser, 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, 1934 Act and the Rules and Regulations made thereunder or any statutory amendments/ amendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/ Lease/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 the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee(s) understand(s) Sub-Lessee/Allottee/Purchaser understands and agree(s) agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/she may 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 regard to matters specified in para.