Deferred payment in overseas investment requires upfront transfer of foreign securities and compliance with pricing guidelines. Deferred-payment acquisitions or transfers of equity capital under the Overseas Investment Regulations allow deferral of consideration for a definite agreed period provided the seller transfers or issues foreign securities equivalent to the total consideration upfront and the full consideration finally paid complies with applicable pricing guidelines; the deferred portion in acquisitions by residents of India is treated as a non-fund based commitment, and buyer indemnities by the seller are permitted if the agreement complies with the Act and its rules and regulations.