Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Indian residents prohibited from issuing or transferring foreign securities without RBI permission under Regulation 3</h1> Regulation 3 of the Foreign Exchange Management Act prohibits Indian residents from issuing or transferring foreign securities unless permitted under the Act, rules, regulations, or directions. The Reserve Bank may grant permission to Indian residents for such transactions upon application. This regulation was part of the 2000 framework governing foreign security transfers and has since been superseded by subsequent notifications.
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