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    <description>Amendments to the Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019 revise the permitted mode of payment and remittance of sale proceeds for specified non-debt instrument investments. The amended Schedule XI updates the payment framework for purchase or subscription of equity shares of Indian companies listed on international exchanges by permissible holders. The reporting provision under Regulation 4 is also substituted to require designated Authorised Dealer Category I banks to report in Form LEC (IFI) the purchase or transfer of equity instruments by individual persons resident outside India, including NRIs and OCIs, on stock exchanges in India.</description>
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