Inter se transfer of shares by way sale among promoters

Dear All,

Our is a Listed Entity with BSE & NSE. Promoters of the Company wants to trasfer shares by way of sale under the SEBI (SAST) Regulations, 2011 under Regulation 10(a).

Facts of the Case

1) XYZ LLC incorporated in USA-- Promoter 

2) Mr. A Indian Resident -Promoter Director

Now XYZ LLC wants to trasfer its Shares to Mr. A Resident Indian by way of sale thorugh Borker on the floor of Stock Exchange.

Is it compulsory to take prior approval of RBI for such Transfer since transfer is from Foriegn entity to Indian Resident?

Thanks & Regards