Section 6(1)(i) in The Foreign Trade (Regulation) Rules, 1993
(i)no person shall transfer or acquire by transfer any [license, certificate scrip or any instrument bestowing financial or fiscal benefits] [Substituted by Notification No. G.S.R. 300(E), dated 17.4.2015 (w.e.f. 30.12.1993).] issued by the licensing authority except in accordance with the provisions of the Policy;