Gift transfer cap for securities to non-residents set as prescribed foreign-currency equivalent, applied retrospectively in regulation. Substitution to Regulation 10 (sub regulation A, clause (a), sub clause (e)) fixes that the value of securities transferred by a donor together with any securities transferred as gifts to persons residing outside India during a financial year shall not exceed the rupee equivalent of the prescribed foreign currency cap; the amendment takes effect from 15 September 2011 and is framed under the Foreign Exchange Management Act, with a clarification that retrospective effect will not adversely affect any person.