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<h1>Foreign exchange regulation: transfer or issuance of securities by non-residents governed under RBI regulations, commencement and scope clarified.</h1> Regulation governs the transfer or issuance of securities by persons resident outside India under the foreign exchange framework, empowering the monetary authority to prohibit, restrict or regulate cross-border transfers and issues, setting commencement and establishing regulatory scope for non-resident investment; later superseded by a new regulatory instrument.