Prohibition on remittances for lottery participation: residents and intermediaries face liability; authorised dealers must publicise restrictions. Payments toward lotteries, money circulation schemes or prize/award payments are prohibited under foreign exchange rules whether made by residents by any mode or by non residents on residents' behalf; residents effecting or causing such remittances, directly or indirectly, may be proceeded against, and authorised dealers must widely publicise and enforce the prohibition.
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.
Prohibition on remittances for lottery participation: residents and intermediaries face liability; authorised dealers must publicise restrictions.
Payments toward lotteries, money circulation schemes or prize/award payments are prohibited under foreign exchange rules whether made by residents by any mode or by non residents on residents' behalf; residents effecting or causing such remittances, directly or indirectly, may be proceeded against, and authorised dealers must widely publicise and enforce the prohibition.
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