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    <title>Foreign Exchange Management (Mode of Payment and Reporting of Non- Debt Instruments) (Third Amendment) Regulations, 2025</title>
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    <description>Permitted payment and remittance arrangements for non-debt investments are revised. Equity investment consideration may be received through inward remittances or eligible repatriable accounts, with equity instruments required to be issued within 60 days and unutilised consideration refunded within 15 days thereafter. Foreign Portfolio Investors, Foreign Venture Capital Investors, LLP investors, investment-vehicle investors and eligible Indian Depository Receipt investors may use specified foreign currency, Rupee or Special Non-Resident Rupee accounts. Banking channels include permitted Rupee Vostro Accounts, including Special Rupee Vostro Accounts.</description>
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