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of <h1>Indian entities prohibited from receiving non-resident investments except under Act provisions or Reserve Bank permission</h1> Indian entities, investment vehicles, venture capital funds, firms, associations of persons, and proprietary concerns are prohibited from receiving investments from non-resident persons or recording such investments in their books, except as permitted under the Act or its rules and regulations. The Reserve Bank may grant permission for such investments upon application with sufficient reasons, subject to necessary conditions it deems appropriate.
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