https://www.taxtmi.com/highlights?id=67943 Foreign investment in India - certain ‘procedural’ or ‘technical’ contraventions under FEMA - Compounding of offense - Online i.e., website-based and mobile application games constitute ‘gambling’ as understood in law in this country - it is undoubtedly necessary that the Petitioner must remain clear of any illicit or prohibited gambling activity, whatever the platform. If this is illegal in India, it does not become legitimate merely because it is online or because foreign investors have put money into it. - HC en-us Sat, 28 Jan 2023 08:25:37 +0530 Sat, 28 Jan 2023 08:25:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=67943 Foreign investment in India - certain ‘procedural’ or ‘technical’ contraventions under FEMA - Compounding of offense - Online i.e., website-based and mobile application games constitute ‘gambling’ as understood in law in this country - it is undoubtedly necessary that the Petitioner must remain clear of any illicit or prohibited gambling activity, whatever the platform. If this is illegal in India, it does not become legitimate merely because it is online or because foreign investors have put money into it. - HC Highlights FEMA Sat, 28 Jan 2023 08:25:37 +0530 https://www.taxtmi.com/highlights?id=67943