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Can a person resident in India transfer security by way of gift to a person resident outside India?

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Can a person resident in India transfer security by way of gift to a person resident outside India?
posted Aug 3, 2017 by Vijay

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Foreign Portfolio Investors (FPIs), Non-Resident Indians (NRIs), Foreign Central Banks, Multilateral Development Bank, Long term investors like Sovereign Wealth Funds (SWFs), Multilateral Agencies, Endowment Funds, Insurance Funds, Pension Funds which are registered with SEBI Long Term Investors may invest in other securities as specified in Schedule 5 to Notification No FEMA 20.

answer Aug 5, 2017 by Naveen Kumar
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