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of <h1>Rule 19 of Overseas Investment Rules 2022 limits Indian ODI in real estate, gambling, or rupee-linked products without RBI nod.</h1> Rule 19 of the Foreign Exchange Management (Overseas Investment) Rules, 2022, restricts residents in India from making Overseas Direct Investment (ODI) in foreign entities involved in real estate activities, gambling, or financial products linked to the Indian rupee without Reserve Bank approval. ODI in recognized start-ups must be funded from internal accruals or personal funds. Investments creating structures with more than two layers of subsidiaries are prohibited, except for certain companies like banking, non-banking financial, insurance, and government companies. Authorized banks cannot facilitate transactions with foreign entities engaged in restricted activities or located in specified jurisdictions.
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