https://www.taxtmi.com/circulars?id=11288 Transfers of securities by way of gift from residents in India to persons resident outside India require prior approval of the Reserve Bank under Regulation 10A(a) of the FEMA (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000; all other conditions of Regulation 10A(a) remain unchanged. The circular increases the applicable annual monetary ceiling for such gifts and notes that amendments to the Regulations will be issued separately, directing Authorised Dealer banks to notify their constituents. en-us Thu, 15 Sep 2011 00:00:00 +0530 Thu, 15 Sep 2011 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11288 Transfers of securities by way of gift from residents in India to persons resident outside India require prior approval of the Reserve Bank under Regulation 10A(a) of the FEMA (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000; all other conditions of Regulation 10A(a) remain unchanged. The circular increases the applicable annual monetary ceiling for such gifts and notes that amendments to the Regulations will be issued separately, directing Authorised Dealer banks to notify their constituents. Circulars FEMA Thu, 15 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11288