Online loterry

[PANKAJKUMAR ARORA]

Dear sir

Kindly confirm on consequences on playing or transferring sum to buy international lotteries online purchasing

REGARDS

PANKAJ KUMAR ARORA

AI Summary

Online International Lottery Purchases Prohibited Under FEMA; RBI Circulars Highlight Restrictions on Money Transfers An individual inquired about the legal consequences of participating in or transferring money to purchase international lotteries online. Two responses were provided in the discussion forum. The first response stated that such activities are not permitted under the provisions of the Foreign Exchange Management Act (FEMA), with the Reserve Bank of India (RBI) having issued several circulars on the matter. The second response agreed with the first, endorsing the view that these actions are not allowed under FEMA regulations.