FOREIGN EXCHANGE MANAGEMENT (ISSUE OF SECURITY IN INDIA BY A BRANCH, OFFICE OR AGENCY OF A PERSON RESIDENT OUTSIDE INDIA) REGULATIONS, 2000 (From Regulation 1 to Regulation 4)
Prohibition on transfer or issue of security bars foreign-resident branches from issuing or transferring securities without Reserve Bank permission. A branch, office or agency in India of a person resident outside India is prohibited from transferring or issuing any security or foreign security in India except where authorised by the Act, applicable rules or regulations, or with the general or special permission of the Reserve Bank.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Prohibition on transfer or issue of security bars foreign-resident branches from issuing or transferring securities without Reserve Bank permission.
A branch, office or agency in India of a person resident outside India is prohibited from transferring or issuing any security or foreign security in India except where authorised by the Act, applicable rules or regulations, or with the general or special permission of the Reserve Bank.
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