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

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 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 on acquisition / sale / transfer of immovable properties in India, etc. and provide the Developer with such permission and approvals, which would enable the Developer to fulfill its obligations under this Agreement. Any refund or transfer of security, if provided, shall be in terms of or 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 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.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allotteeallottee, if resident outside India, shall be solely responsible for complying complain with the necessary formalities as laid down in Foreign Exchange Management Act, foreign exchange management Act 1999, Reserve Bank of India Act, Act 1934 and the Rules rules and Regulations regulations made thereunder or any statutory amendments / modification(s) amendments/modifications made thereof and all other applicable laws including that of remittance of payment on acquisition / sale / /sale/transfer of immovable properties in India, India etc. and provide the Developer promoter with such permission and approvalspermission, approvals which would enable the Developer promoter to fulfill its obligations under this Agreementagreement. Any refund or ,transfer of securitysecurity , if provided, shall be provided in terms of or the agreement shall he made in accordance with the provisions of Foreign Exchange Management Act, 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 allottee understands and agrees that in the event of any failure on his/her part to comply complain with the applicable guidelines issued by the Reserve of Bank of India, he/she may be liable for any and action under the Foreign Exchange Management Act, Act 1999 or other laws as applicable, applicable as amended from time to time.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 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 on acquisition / sale / acquisition/sale/ transfer of immovable properties in India, India etc. and provide the Developer Promoter with such permission and approvalspermission, approvals which would enable the Developer Promoter to fulfill its obligations under this Agreement. Any refund or refund, transfer of security, if provided, shall be provided in terms of or the 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 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.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The Allottee, if resident residence outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Act,1999 Reserve Bank of India Act, 1934 and the Rules and Regulations Regulation made thereunder or any statutory amendments / modification(s) or modifications made thereof and all other others applicable laws including that of remittance of payment on acquisition / sale / payment, acquisition/ sale/ transfer of immovable properties in India, India etc. and provide the Developer Promoter with such permission and approvalspermission, approval which would enable the Developer Promoter to fulfill its obligations under this Agreement. Any refund or refund, transfer of security, if provided, shall be provided in terms of or 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 Rules and regulations 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/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.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 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 on acquisition / sale / acquisition/sale/ transfer of immovable properties in India, India etc. and provide the Developer Promoter with such permission and approvalspermission, approvals which would enable the Developer Promoter to fulfill its obligations under this Agreement. Any refund or refund, transfer of security, if provided, shall be provided in terms of or the in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the rules Rules and regulations 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 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.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 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 on acquisition / sale / acquisition/sale/ transfer of immovable properties in India, India etc. and provide the Developer Promoter with such permission and approvalspermission, approvals which would enable the Developer Promoter to fulfill its obligations under this Agreement. Any refund or refund, transfer of security, if provided, provided shall be in terms of or in accordance with the provisions of the 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 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.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 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 on acquisition / sale / acquisition/sale/transfer of immovable properties in India, India etc. and provide the Developer with such permission and approvalspermission, approvals which would enable the Developer to fulfill its obligations under this Agreement. Any refund or refund, transfer of security, if provided, shall be provided in terms of or 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 Rules and regulations 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 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.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 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 on acquisition / sale / acquisition/ sale/ transfer of immovable properties in India, India etc. and provide the Developer Promoter with such permission and approvalspermission, approvals which would enable the Developer Promoter to fulfill its obligations under this Agreement. Any refund or refund, transfer of security, if provided, provided shall be in terms of or in accordance with the provisions of the 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/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.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 The AllotteeAllottees, 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 on acquisition / sale / acquisition/sale/ transfer of immovable properties in India, India etc. and provide the Developer Promoter with such permission and approvalspermission, approvals which would enable the Developer Promoter to fulfill its obligations under this Agreement. Any refund or refund, transfer of security, if provided, provided shall be in terms of or in accordance with the provisions of the 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 Allottees understand and agrees agree that in the event of any failure on his/her their part to comply with the applicable guidelines issued by the Reserve of Bank of India, he/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.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 1934 Act and the Rules and Regulations Regulation made thereunder or any statutory amendments / modification(s) or modifications made thereof and all other applicable laws including that of remittance of payment on acquisition / sale / payment, acquisition/ sale/ transfer of immovable properties in India, India etc. and provide the Developer Promoter with such permission and approvalspermission, approval which would enable the Developer Promoter to fulfill its obligations under this Agreement. Any refund or refund, transfer of security, if provided, shall be provided in terms of or 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 Rules and regulations 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/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.

COMPLIANCE OF LAWS RELATING TO REMITTANCES. 3.1 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, 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 on acquisition / sale / transfer of immovable properties in India, etc. and provide the Developer Owner with such permission and approvals, which would enable the Developer Owner to fulfill its obligations under this Agreement. Any refund or transfer of security, if provided, shall be in terms of or 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 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.