For several years, foreign direct investment (FDI) from investors situated in countries sharing land border with India was subject to stringent restrictions, effectively limiting access to such capital. In April 2020, against the backdrop of the COVID-19 pandemic, the Government of India introduced enhanced regulatory scrutiny through Press Note 3 (2020). This measure mandated prior government approval for all investments originating from land-bordering countries, irrespectiv

The Securities and Exchange Board of India (“ SEBI ”) has proposed a set of far-reaching reforms through its recent consultation paper [1]...