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

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Purchaser/ Allottee, if residing 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 there under or any statutory amendments/ modification(s) made hereof 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 its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall he made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and Rules and Regulations of the Reserve Bank of India or any other applicable law. The Purchaser/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 for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.

Appears in 1 contract

Samples: Agreement

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COMPLIANCE OF LAWS RELATING TO REMITTANCES. 5.1. The Purchaser/ Allottee, if residing 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 lndia Act, 1934 and the Rules and Regulations made there under thereunder or any statutory amendments/ amendments/modification(s) made hereof 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 Developer/Promoter Promoter/ Developer with such permission, approvals which would enable the Developer/Promoter Promoter/ Developer to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall 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 otl1er applicable law. The Purchaser/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 of Bank of India, he/she may be liable for any action under the tl1e Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.

Appears in 1 contract

Samples: Agreement for Sub Lease

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/ Allottee, if residing resident of 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 there under thereunder or any statutory amendments/ modification(s) amendments or modifications made hereof thereof and all other others applicable laws including that of remittance of payment acquisition/sale/payment, acquisition/ sale/ transfer of immovable properties in India etc. and provide the DeveloperPromoter/Promoter Developer with such permission, approvals approval which would enable the DeveloperPromoter/Promoter Developer to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall he be made in accordance with the provisions of Foreign Exchange Management Act, 1999 FEMA 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 Purchaser/Allottee understands and agrees that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/he/ she may be liable for any action under the Foreign Exchange Management Act, 1999 FEMA or other laws as applicable, as amended from time to time.

Appears in 1 contract

Samples: rera.rajasthan.gov.in

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 4.1. The Purchaser/ Allottee/Purchaser, if residing 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 there under thereunder or any statutory amendments/ amendments/modification(s) made hereof 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 Developer/Promoter Vendor with such permission, approvals which would enable the Developer/Promoter Vendor to fulfill fulfil its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall 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 PurchaserAllottee/Allottee Xxxxxxxxx understands and 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.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/ Allottee, if residing resident 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 there under thereunder or any statutory amendments/ modification(s) amendments or modifications made hereof thereof and all other others applicable laws including that of remittance of payment acquisition/sale/payment, acquisition/ sale/ transfer of immovable properties in India etc. and provide the Developer/Promoter Vendor with such permission, approvals approval which would enable the Developer/Promoter Vendor to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall he 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 Purchaser/Allottee understands and agrees that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve 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.

Appears in 1 contract

Samples: Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Purchaser/ AllotteeAllottee(s), if residing 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 there under or any statutory amendments/ amendment(s) modification(s) made hereof thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the DeveloperVendors/Promoter Developer with such permission, approvals which would enable the DeveloperVendors/Promoter Developer to fulfill fulfil its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall he 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 Purchaser/Allottee Allottee(s) understands and agrees that in the event of any failure on his/her her/their part to comply with the applicable guidelines issued by the Reserve Bank of India, he/she may she/they shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1. The Purchaser/ AllotteeAllottee(s), if residing resident outside India, shall be solely responsible for complying 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 there under or any statutory amendments/ modification(s) Statutory amendments or modifications made hereof thereof and all other applicable laws including that of remittance of payment payment, acquisition/sale/transfer of immovable properties in India etc. and provide the Developer/Promoter Developer with such permission, approvals approval which would enable the Developer/Promoter Developer to fulfill fulfil its obligations under this Agreement. Any refund, transfer of securitySecurity, if provided in the terms of the Agreement shall he be made in accordance with the provisions of Foreign Exchange Management Act, 1999 FEMA 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 Purchaser/Allottee Allottee(s) understands and agrees that in the event of any failure on his/her part Part to comply with the applicable Applicable guidelines issued by the Reserve Bank of India, he/she may be liable for any action under the Foreign Exchange Management Act, 1999 FEMA or other laws as applicable, as amended from time to time.

Appears in 1 contract

Samples: Agreement to Sell

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/ AllotteePurchaser , if residing 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 there under thereunder or any statutory amendments/ modification(s) amendments or modifications made hereof thereof and all other others applicable laws including that of remittance of payment acquisition/sale/payment, acquisition/ sale/ transfer of immovable properties in India etc. and provide the Developer/Promoter Concrete India with such permission, approvals approval which would enable the Developer/Promoter Concrete India to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall he 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 Purchaser/Allottee Purchaser understands and agrees that in the event of any failure on his/his/ her part to comply with the applicable guidelines issued by the Reserve 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.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1. The Purchaser/ Allottee, if residing 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 1999 ('FEMA'),Reserve Bank of India Act, 1934 ('RBI' Act) and the Rules and Regulations Regulation made there under or any statutory amendments/ modification(s) amendments or modifications made hereof thereof and all other applicable laws others Applicable Laws including that of remittance of payment acquisition/sale/payment, acquisitionj xxxxx transfer of immovable properties in India etc. and provide the Developer/Promoter with such permission, approvals approval which would enable the Developer/Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall he be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the FEMAor statutory enactments or amendments thereof and the Rules and Regulations Regulation of the Reserve Bank of India or any other applicable lawApplicable Law. The Purchaser/Allottee Allottee(s) understands and agrees that in the event of any failure on his/hisj her part to comply with the applicable guidelines issued by the Reserve Bank of India, he/he j she may be liable for any action under the Foreign Exchange Management Act, 1999 or FEMAor other laws as applicable, as amended from time to time.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 4.1. The Purchaser/ Allottee/Purchaser, if residing 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 there under thereunder or any statutory amendments/ amendments/modification(s) made hereof 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 Developer/Promoter Vendor with such permission, approvals which would enable the Developer/Promoter Vendor to fulfill fulfil its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall 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 PurchaserAllottee/Allottee Purchaser understands and 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.

Appears in 1 contract

Samples: Agreement for Sale

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COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1. The Purchaser/ Purchaser/Allottee, if residing 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 there under thereunder or any statutory amendments/ amendments/modification(s) made hereof 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 Developer/Promoter Vendor with such permission, approvals which would enable the Developer/Promoter Vendor to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall he 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 Purchaser/Allottee Xxxxxxxx understands and 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.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1. The Purchaser/ Allottee/purchaser/purchasers, if residing 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 there under thereunder or any statutory amendments/ amendments/modification(s) made hereof 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 Developer/Promoter Developer with such permission, approvals which would enable the Developer/Promoter Developer to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall 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 PurchaserAllottee/Allottee purchaser/purchasers understands and 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.

Appears in 1 contract

Samples: Agreement for Sale

COMPLIANCE OF LAWS RELATING TO REMITTANCES. The Purchaser/ Allottee, if residing 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 there under or any statutory amendments/ modification(s) made hereof 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 its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall he made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and Rules and Regulations of the Reserve Bank of India or any other applicable law. The Purchaser/Allottee Xxxxxxxx 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 for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.

Appears in 1 contract

Samples: Agreement

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/ Allottee, if residing resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve 1999,Reserve Bank of India Act, 1934 Act and the Rules and Regulations made there under thereunder or any statutory amendments/ anystatutory amendment(s) modification(s) made hereof 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 Promoter/ Builder/ Developer with such permission, approvals which would enable the Developer/Promoter Promoter/ Builder/ Developer to fulfill fulfil its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall he be made in accordance inaccordance 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 Purchaser/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 shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.

Appears in 1 contract

Samples: 202.61.117.163

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Purchaser/ Sub-Lessee/Allottee/Purchaser, if residing 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 there under thereunder or any statutory amendments/ amendment(s) modification(s) made hereof thereof and all other applicable laws including that of remittance of payment acquisition/saleLease/transfer of immovable properties in India etc. and provide the Developer/Promoter with such permission, approvals which would enable the Developer/Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall he 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 PurchaserSub-Lessee/Allottee Allottee/Purchaser 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 shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.

Appears in 1 contract

Samples: Town Square

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