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<h1>RBI Amends Foreign Exchange Regulations for Non-Debt Instruments, Effective January 2025: Key Changes on Payments and Remittances.</h1> The Reserve Bank of India issued amendments to the Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019, effective from January 14, 2025. The amendments detail payment and remittance procedures for various investments by persons residing outside India, including equity instruments, foreign portfolio investments, limited liability partnerships, foreign venture capital investments, and investment vehicles. The regulations specify that payments should be made through inward remittance or from repatriable accounts, with sale proceeds allowed to be remitted outside India. The amendments also address convertible notes issued by Indian start-ups and define 'banking channels' for these transactions.