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Home Acts & Rules FEMA Old_Provisions Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017 Chapters List Regulations This
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Regulation 15 - Prohibited activities for investment by a person resident outside India - Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017

Extract

..... 15. Prohibited activities for investment by a person resident outside India Unless otherwise specifically stated in the Act or the rules or regulations framed thereunder, investment by a person resident outside India is prohibited in: (1) Lottery Business including Government/ private lottery, online lotteries (2) Gambling and betting including casinos (3) Chit funds. Explanation: The Registrar of Chits or an officer authorised by the state government in this behalf, may, in consultation with th .....

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Regulation 15 - Prohibited activities for investment by a person resident outside India - Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017

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