What I interpret in Second part of the CAR (issued in 1999) leaves every thing on discretion (whims n fancies) of DGCA for issue or conversion of foreign license to Indian License.
This CAR is for issue of FATA,
If no qualified pilots available for brand new EMB-135 Legacy then DIAMND 15 will have no problem.
And no CAR abt 2010 so no worry.