Transfer of foreign securities by pledge permits residents to obtain fund or non fund facilities from authorised dealers. Regulation 20 permitted a person resident in India who lawfully acquired or held foreign securities to transfer them by way of pledge to obtain fund based or non fund based facilities in India from an authorised dealer; the Regulation was later superseded by Notification No. 120/2004.
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.
Transfer of foreign securities by pledge permits residents to obtain fund or non fund facilities from authorised dealers.
Regulation 20 permitted a person resident in India who lawfully acquired or held foreign securities to transfer them by way of pledge to obtain fund based or non fund based facilities in India from an authorised dealer; the Regulation was later superseded by Notification No. 120/2004.
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