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    <title>Prior Permission of Reserve Bank in Certain Cases for Transfer of Security</title>
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    <description>Regulation 10 requires RBI approval for gifts of securities from residents to non-residents subject to eligibility, relationship, sectoral cap, valuation and documentation conditions. Sales under the FDI Scheme and Annex B to Schedule 1 may proceed without prior RBI approval if sectoral limits, pricing, documentation and reporting requirements of RBI (and where applicable SEBI/FIPB) are met. Non-compliance with FEMA pricing guidelines may still allow transfer without prior RBI approval if Schedule 1 requirements (other than pricing) and applicable SEBI pricing/regulatory standards are satisfied and a Chartered Accountant&#039;s certificate is filed with FC-TRS.</description>
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    <pubDate>Sat, 19 Jan 2008 22:45:54 +0530</pubDate>
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      <title>Prior Permission of Reserve Bank in Certain Cases for Transfer of Security</title>
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