Prohibited activities for investment by a person resident outside India

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..... ed 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 the State Government concerned, permit any chi .....

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..... tobacco or of tobacco substitutes (8) Activities/ sectors not open to private sector investment e.g. (I) Atomic energy and (II) Railway operations (9) Foreign technology collaboration in any form including licensing for franchise, trademark, brand name, management contract is also prohibited for Lottery Business and Gambling and Betting activities - - statute, statutory provisions legisl .....

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