Transfer of securities by gift requires prior Reserve Bank approval and prescribed documentation to ensure compliance. Transfer of securities by gift from a resident in India to a non-resident requires prior Reserve Bank approval and submission of prescribed documents, including donor and donee details, relationship proof, reasons, and valuation or issuer certificates; the RBI will assess eligibility under relevant schedules, compliance with a five percent shareholding cap per issuer or series, adherence to applicable sectoral/FDI limits, close-relative status, cumulative annual gift value limits in rupee equivalent, and may impose other conditions in the public interest.