https://www.taxtmi.com/acts?id=30908 The regulation lists sectoral prohibitions on investment by persons resident outside India: lottery business, gambling and betting, chit funds (with limited NRI/OCI subscription via banking channels on non-repatriation basis under RBI conditions), nidhi companies, trading in transferable development rights, real estate business and construction of farm houses (with specified exclusions), manufacturing of cigars and cigarettes or tobacco substitutes, activities closed to private investment, and prohibition of foreign technology collaboration for lottery, gambling and betting activities. en-us Mon, 13 Nov 2017 18:28:00 +0530 Thu, 19 Jun 2025 17:18:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30908 The regulation lists sectoral prohibitions on investment by persons resident outside India: lottery business, gambling and betting, chit funds (with limited NRI/OCI subscription via banking channels on non-repatriation basis under RBI conditions), nidhi companies, trading in transferable development rights, real estate business and construction of farm houses (with specified exclusions), manufacturing of cigars and cigarettes or tobacco substitutes, activities closed to private investment, and prohibition of foreign technology collaboration for lottery, gambling and betting activities. Act-Rules FEMA Mon, 13 Nov 2017 18:28:00 +0530 https://www.taxtmi.com/acts?id=30908