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Transactions which are prohibited

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Full Text of the Document

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....racing / riding etc. or any other hobby. 3. Remittance for purchase of lottery tickets, banned / prescribed magazines, football pools, sweepstakes etc. 4. Payment of commission on exports made towards equity investment in joint ventures / wholly owned subsidiaries abroad of Indian companies. 5. Remittance of dividend by any company to which the requirement of dividend balancing is applica....

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