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Issued by the Department for Promotion of Industry and Internal Trade (“DPIIT”) in April 2020, Press Note 3 required prior Government approval for investments coming from countries sharing a land border with India, as well as investments where the beneficial owner was connected to such jurisdictions.

In an important development for the fund industry, the International Financial Services Centre Authority (IFSCA) has notified the IFSCA (Fund Management) Regulations, 2022 (available here) (IFSCA Fund Regulations).

A Registrar of Companies ("RoC") is appointed under the act for designated regions, who is the nodal authority for affairs related to companies in that particular region.

Sophisticated investors investing in India are no longer required to settle for the fund. Increasingly, they want the deal, i.e., the specific, high-conviction opportunity sitting inside the fund’s portfolio.

This edition of our Corporate and Commercial Law Bulletin brings to the reader major judgments from commercial courts/tribunals of India and the recent notifications from regulatory bodies such as...