FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA) REGULATIONS, 2000 (From Regulation 1 to Regulation SCHEDULE 11)
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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
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