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ARTICLE · 19 MARCH 2026

Reporting Relief: What Press Note 2 Of 2026 Means For Investment Funds

Singhania & Co
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To clarify, the amendment continues with the framework introduced under Press Note 3 of 2020 ("PN3"), but brings in clarification that is particularly relevant for global private equity, venture capital and offshore fund structures with LPs from different countries.

IndiaGovernment, Public Sector
Rohit Jain
Rohit Jain
Roopal Bajaj
Roopal Bajaj
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Executive Summary

India's Press Note No. 2 of 2026 ("Press Note 2") refines the current foreign direct investment ("FDI") regime applicable to investors connected with countries sharing a land border with India by introducing clarity on the definition for beneficial ownership and more importantly, by distinguishing between cases that require prior Government approval and cases that may proceed subject to reporting only. To clarify, the amendment continues with the framework introduced under Press Note 3 of 2020 ("PN3"), but brings in clarification that is particularly relevant for global private equity, venture capital and offshore fund structures with LPs from different countries.

Key Takeaways:

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