Pika Industries Ltd. appointed you as Company Secretary. The company is engaged in the activities covered under FDI. You are requested to list out the prohibited activities/ sector(s) as provided under FDI Policy. Which

Prohibited activities/sector as provided under FDI Policy: Lottery business including Government/private lottery, online lotteries, etc. Gambling and betting including casinos, etc. Chit funds Nidhi company Trading in TDRS Real estate business or construction of farm houses 'Real estate business' shall not include development of townships, construction of residential /commercial premises, roads or bridges and Real Estate Investment Trusts (REITs) registered and regulated under the SEBI (REITs) Regulations 2014. Manufacturing of cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes Activities/ sectors not open to private sector investment, e.g., Atomic Energy and Railway Transport (other than Mass Rapid Transport Systems). 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. Type of instruments to be issued to person resident outside India Indian companies can issue equity shares, fully and mandatorily convertible debentures and fully and mandatorily convertible preference shares. Issue of other types of preference shares such as non-convertible, optionally convertible or partially convertible, has to be in accordance with the guidelines applicable for External Commercial Borrowings (ECBs) issued by RBI.