FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA) REGULATIONS, 2000 - Foreign Exchange Management (Transfer or Issue Of Security By A Person Resident Outside India) Regulations, 2000
FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA) REGULATIONS, 2000 - Foreign Exchange Management (Transfer or Issue Of Security By A Person Resident Outside India) Regulations, 2000
FDI Prohibitions: specific sectors including lottery and gambling are barred and foreign tech collaboration is restricted. Annex A of the FEMA Regulations lists activities for which FDI is prohibited or requires prior government approval. Prohibited sectors include lottery ... Summary
FDI Prohibitions: specific sectors including lottery and gambling are barred and foreign tech collaboration is restricted.
Annex A of the FEMA Regulations lists activities for which FDI is prohibited or requires prior government approval. Prohibited sectors include lottery business, gambling and betting, chit funds, Nidhi companies, trading in TDRs, real estate business/construction of farm houses, and manufacture of specified tobacco products; activities not open to private sector investment (such as atomic energy and certain railway operations) are also excluded. Foreign technology collaboration for lottery and gambling is expressly barred. The annex records multiple statutory substitutions and notifications amending this list.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.