Restriction on an Indian Entity to issue security to a Person Resident outside India or to Record a Transfer of Security from or to such a Person in its Books

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....T (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA) REGULATIONS, 2000<br>FEMA<br>Regulation 4 of the Foreign Exchange Management (Transfer or Issue Of Security By A Person Resident Ou....

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.... shall not issue any security to a person resident outside India or shall not record in its books any transfer of security from or to such person:- Provided that the Reserve Bank may, on an applica....