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<h1>Prohibition on direct outward investment: residents barred unless exceptions or central bank approval; real estate and banking restricted.</h1> Residents of India are generally prohibited from making direct investments outside India unless authorised by the Act, rules, regulations, directions, or with prior approval of the Reserve Bank; additionally, Indian parties are barred from making direct investments in foreign entities engaged in real estate or banking. The regulation has been superseded by a subsequent notification.