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Prohibited Activities for Investment by a Person Resident Outside India

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Full Text of the Document

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.... or regulations framed thereunder, investment by a person resident outside India is prohibited in: (1) Lottery Business including Government/ private lottery, online lotteries (2) Gambling and betting including casinos (3) Chit funds. Explanation: The Registrar of Chits or an officer authorised by the state government in this behalf, may, in consultation with th....

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