NRI |
NRI |
Sale or Gift |
General permission, no specific permission to be taken* |
NRI |
Resident Indian |
Gift |
Prior approval of RBI required. |
NRI |
Resident Indian |
Sale under private arrangement |
General permission already available. |
Resident Indian |
NRI |
Gift |
Prior approval of RBI/FIPB should be obtained. |
Resident Indian |
NRI |
Sale under private arrangement |
General permission is already available provided the shares being transferred are not of the companies engaged in financial service sectors, such transfer does not attract SEBI takeover code and the activity of the company should be eligible for FDI. |