Working notes
- What to check: Do not use old FC-5/Rule 24 workflow for a current transaction.
- Before you close the file: Apply the current statutory prohibition on transfer and any present-law exception, if applicable.
Reviewed by CA Nikhil Gupta · Last reviewed 18 September 2026
The former transfer procedure has been omitted. It should be retained only as historical context and must not be used as a current transfer route.
Finin2min summary — explanatory text. The official Act, Rules, Regulations and notifications control if there is any difference. Educational and research resource, not legal, regulatory, tax or investment advice; verify the instrument in force on the relevant date.