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Can rupee securities, shares, bonds, debentures be transferred by way of gift to registered charitable trusts/organizations?

April 26, 2017bonds charitable debentures gift Organizations registered rupee securities Shares transferred trusts

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Can rupee securities, shares, bonds, debentures be transferred by way of gift to registered charitable trusts/organizations?

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Yes. General permission has been granted by Reserve Bank to NRIs to transfer by way of gift any rupee security, share, bond or a debenture of a company registered in India held by them to a registered charitable trust/organization subject to the condition that provisions of any other laws, as applicable, including Foreign Contribution (Regulation) Act, 1976 are duly complied with.