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Now onwards No
Objection Certificate (NOC) is NOT required to be obtained from the respective
financial sector regulator/regulators of the investee company as well as
transferor and transferee entities in case of transfer of shares from Residents to
Non-Residents where the investee company is in the financial
services sector.
Such NOC(s) were used
to be filed with the form FC-TRS to the AD bank ontransfer of such shares.
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