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    <title>Foreign Direct Investment in India Transfer of Shares/Convertible Debentures by way of Sale - Clarification</title>
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    <description>Authorised Dealer banks may process transfers of shares and convertible debentures between residents and non-residents under the powers delegated by A. P. (DIR Series) Circular No.16, including transfers in companies moved from FIPB/SIA to the Automatic Route (excluding financial service companies), and transfers by non-residents to an Indian company under buy-back or capital reduction, subject to the Annex requirements and other applicable statutory permissions.</description>
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