SCHEDULE 01 (Annex A) - Annexure A - List of Activities for which requires prior approal or for which FDI is prohibited - FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA) REGULATIONS, 2000

These rules have been superseded vide New Regulations New Regulations of 2017 8 [Annexure A Sectors Prohibited for FDI FDI is prohibited in: (a) Lottery Business including Government/ private lottery, online lotteries, etc. (b) Gambling and Betting including casinos etc. (c) Chit funds (d) Nidhi company (e) Trading in Transferable Development Rights (TDRs) (f) Real Estate Business or Construction of Farm Houses (g)Manufacturing of Cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes (h) Activities / sectors not open to private sector investment e.g. (I) Atomic energy and (II) Railway operations (other than permitted activities mentioned in entry 18 of Annex B ). Note: Foreign technology collaboration in any form including licensing for franchise, trademark, brand name, management contract is also prohibited for Lottery Business and Gambling and Betting activities.] ************* Note: 1. Has been substituted vide Notification no. 094/2003 dated 18/6/2003 , before it was read as, Annexure A (See paragraph 2) List of activities or items for which automatic route of Reserve Bank for Investment from Persons Resident Outside India is not available 1. Banking 2. NBFC's activities in Financial Services Sector 3. Civil Aviation 4. Petroleum including exploration/refinery/marketing 5. Housing Real Estate Development sector for investment from persons other than NRIs/OCBs. 6. Venture Capital Fund Venture Capital Company 7. Investing companies in Infrasturcture Service Sector 8. Atomic Energy related projects 9. Defence and strategic industries 10. Agriculture (including plantation) 11. Print Media 12. Broadcasting 13. Postal services 1A. Annexure A before substitution vide Notification No. 179/2008 dated 22/08/2008 1 [Annexure A (See paragraph 2) (A) List of Activities for which Automatic Route of RBI for investment from person resident outside India is not available 2 {(Deleted) Petroleum Sector (except for private sector oil refining/ Investing companies in Infrastructure Services Sector Defence and Strategic Industries Atomic Minerals Print Media Broadcasting Postal services Courier Services Establishment and Operation of satellite Development of Integrated Township Tea Sector 4 [Asset Reconstruction Companies]} 3 [Natural Gas/LNG Pipelines) ] 2. Item No.1 has been deleted and the existing items 2 to12 may be renumbered as 1 to 11, before item no. 1 was read as, Domestic Airlines vide Notification No. 130/2005 dated 17/3/2005 3 Added vide Notification No.130/2005 dated 17/3/2005 4 Has been inserted vide Notification No. 149/2006 dated 9/6/2006 5 Omitted vide Notification No. FEMA 229/2012-RB Dated 23-4-2012 , before it was read as:- (A) All Activities/Sectors would require prior approval of the Government of India for FDI in the following circumstances: (i) where provisions of Press Note 1 (2005 Series) issued by the Government of India are attracted: (ii) where more than 24 per cent foreign equity is proposed to be inducted for manufacture of items reserved for the Small Scale sector. 6 Substituted vide Notification No. FEMA 229/2012-RB Dated 23-4-2012 , before it was read as:- Sectors prohibited for FDI i. Retail Trading (except single brand product retailing) ii. Atomic Energy iii. Lottery Business iv. Gambling and Betting v. Business of chit fund vi. Nidhi Company vii. Trading in Transferable Development Rights (TDRs). viii. Activities/sector not opened to private sector investment 7. Substituted vide Notification No. FEMA. 242/2012-RB Dated 19-10-2012 w.e.f. 20th day of September, 2012, before it was read as, Annex A (See paragraph 2 of schedule 1) 5 [*** ] 6 [(B) Sectors prohibited for FDI i. Retail Trading (except single brand product retailing); ii. Lottery Business including Government/private lottery, online lotteries etc.; iii. Gambling and Betting including casinos etc.; iv. Chit funds; v. Nidhi Company; vi. Trading in Transferable Development Rights (TDRs); vii. Real Estate Business or Construction of Farm Houses; viii. Manufacturing of cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes; and ix. Activities/sector not opened to private sector investment e.g. Atomic Energy and Railway Transport (other than Mass Rapid Transport Systems). Foreign technology collaboration in any form including licensing for franchise, trademark, brand name, management contract is also prohibited for Lottery Business and Gambling and Betting activities. ] 8. Substituted vide NOTIFICATION NO. 320/2014-RB Mumbai, the 5th September, 2014 , w.e.f. August 27, 2014, before it was read as, 7 [ Annex A Sectors Prohibited for FDI FDI is prohibited in: (a) Lottery Business including Government/private lottery, online lotteries, etc. (b) Gambling and Betting including casinos etc. (c) Chit funds (d) Nidhi company (e) Trading in Transferable Development Rights (TDRs) (f) Real Estate Business or Construction of Farm Houses (g) Manufacturing of Cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes (h) Activities/sectors not open to private sector investment e.g. Atomic Energy and Railway Transport (other than Mass Rapid Transport Systems). Note: Foreign technology collaboration in any form including licensing for franchise, trademark, brand name, management contract is also prohibited for Lottery Business and Gambling and Betting activities.]