What RBI can prohibit, restrict or regulate?

The Reserve Bank can, by regulations, prohibit, restrict or regulate the following :-

 

a. Transfer or issue of any foreign security by a person resident in India;

b. Transfer or issue of any security by a person resident outside India;

c . Transfer or issue of any security or foreign security by any branch, office or agency in India of a person resident outside India;

d. Any borrowing or lending in foreign exchange in whatever form or by whatever name called;

e. Any borrowing or tending in rupees in whatever form or by whatever name called between a person resident in India and a person resident outside India;

f. Deposits between persons resident in India and persons resident outside India;

g. Export, import or holding of currency or currency notes;

h. Transfer of immovable property outside India, other than a lease not exceeding five years, by a person resident in India;

i. Acquisition or transfer of immovable property in India, other than a lease not exceeding five years, by a person resident outside India;

j. Giving of a guarantee or surety in respect of any debt, obligation or other liability incurred (i) by a person resident in India and owed to a person resident outside India or (ii) by a person resident outside India.