Description

We bring to you an update the regarding the previous corporate law edition of the nota bene published on 14 March 2026, wherein we discussed certain clarifications brought in by a press release dated 10 March 2026, to the FDI framework by investors from countries sharing a land border with India.

The Department for Promotion of Industry and Internal Trade has, vide Press Note 2 dated 15 March 2026, effected the changes sought to be introduced by the press release dated 10 March 2026. However, the test for beneficial ownership under Press Note 2 also allows for subjective regulatory review to assess ‘control’ or ‘ultimate effective control’ by such investor from a land bordering country.

We hope you enjoy reading this nota bene and find it informative and engaging.