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    <title>Exemptions</title>
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    <description>Regulation 4 excludes from the Regulations property held by a resident Indian who is a national of a foreign state and property acquired by a resident Indian on or before 8 July 1947 that has continued to be held with the permission of the Reserve Bank, thereby limiting the Regulations&#039; application to those specified holdings.</description>
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      <description>Regulation 4 excludes from the Regulations property held by a resident Indian who is a national of a foreign state and property acquired by a resident Indian on or before 8 July 1947 that has continued to be held with the permission of the Reserve Bank, thereby limiting the Regulations&#039; application to those specified holdings.</description>
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