https://www.taxtmi.com/notifications?id=3823 RBI approval is required for any security transferred by way of gift from a resident to a person resident outside India; approval is subject to conditions including donee eligibility under the Regulations' Schedules, that the gift does not exceed five percent of paid-up capital/each series of debentures/each mutual fund scheme, that applicable sectoral cap/FDI limits are not breached, donor-donee relationship as relatives under the Companies Act, and that aggregate annual gifted securities to non-residents do not exceed the rupee equivalent of the prescribed threshold. Applications must include identity, relationship, reasons and prescribed valuation certificates and company confirmation of compliance. en-us Fri, 22 Jul 2005 00:00:00 +0530 Thu, 19 Jun 2025 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=3823 RBI approval is required for any security transferred by way of gift from a resident to a person resident outside India; approval is subject to conditions including donee eligibility under the Regulations' Schedules, that the gift does not exceed five percent of paid-up capital/each series of debentures/each mutual fund scheme, that applicable sectoral cap/FDI limits are not breached, donor-donee relationship as relatives under the Companies Act, and that aggregate annual gifted securities to non-residents do not exceed the rupee equivalent of the prescribed threshold. Applications must include identity, relationship, reasons and prescribed valuation certificates and company confirmation of compliance. Notifications FEMA Fri, 22 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/notifications?id=3823