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See Rule 3 - Transactions which are prohibited

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Full Text of the Document

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.... or any other hobby. 3. Remittance for purchase of lottery tickets, banned/ prescribed magazines, football pools, sweepstakes, etc. 4. Payments 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 applicable. 1[6. Payment of commi....

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