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<h1>RBI Amends Foreign Exchange Rules: Share Transfers Can Defer 25% of Payment for 18 Months with Escrow Option.</h1> The Reserve Bank of India issued the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Seventh Amendment) Regulations, 2016, effective from its publication date. This amendment introduces Regulation 10A, which stipulates that in share transfers between a resident and a non-resident, up to 25% of the total consideration can be deferred for up to 18 months. An escrow arrangement or indemnity may be used for this deferred amount. The total consideration must comply with applicable pricing guidelines.