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of <h1>Indian entities cannot issue securities to foreign residents without RBI permission under FEMA regulations</h1> Indian entities are prohibited from issuing securities to persons resident outside India or recording transfers of such securities in their books, except as permitted under the Act, Rules, or Regulations. The Reserve Bank may grant permission for such transactions upon application with sufficient reasons, subject to conditions deemed necessary. This regulation forms part of the Foreign Exchange Management framework governing cross-border security transactions and has been superseded by newer 2017 regulations.
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