What is the list of case where prior approval is needed by RBI to transfer capital instruments?






Aravind Aravind
Answered on February 14,2020

The following cases require prior approval of RBI:

  • Transfer of capital instruments from resident to non-residents by way of sale where:
    • Transfer is at a price which falls outside the pricing guidelines specified by RBI
    • Transfer of capital instruments by the non-resident acquirer involving deferment of payment of the amount of consideration.
  • Transfer of any capital instrument, by way of gift by a person resident in India to a person resident outside India. 

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