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Online loterry, FEMA - Foreign Exchange Management

Issue Id: - 113840
Dated: 11-6-2018
By:- PANKAJKUMAR ARORA
Online loterry

  • Contents

Dear sir

Kindly confirm on consequences on playing or transferring sum to buy international lotteries online purchasing

REGARDS

PANKAJ KUMAR ARORA

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Posts / Replies

Showing Replies 1 to 2 of 2 Records

1 Dated: 11-6-2018
By:- YAGAY and SUN

It is not allowed under the Provisions of FEMA. Even RBI has issued Various circulars on it.


2 Dated: 30-8-2018
By:- DR.MARIAPPAN GOVINDARAJAN

I endorse the views of Shri Yagay.


1

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