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13 August 2025 at 18 : 04 PM
GIFT City Express: Substance Barrier Broken: IFSCA Notifies Framework for Third Party Fund Managers
Read MoreAugust 13, 2025 Substance Barrier Broken: IFSCA Notifies Framework for Third Party Fund Managers IFSCA notifies the framework to enable Third-Party Fund Management Services Global and Indian GPs can now manage funds in GIFT City through partnerships with regulated fund managers without setting up local presence INTRODUCTION The International Financial Services Centres Authority (“IFSCA”) has […]
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7 August 2025 at 18 : 03 PM
Regulatory Digest: The Financial Services Bulletin
Read MoreAugust 07, 2025 The Financial Services Bulletin This is the August edition of Nishith Desai Associates’ monthly financial services newsletter in collaboration with U.S.-India Business Council. INTRODUCTION July 2025 continued to reinforce India’s position as a premier destination for global investment, despite ongoing uncertainties in international markets. With the economy maintaining robust growth momentum, […]
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4 August 2025 at 10 : 25 AM
Pharma & Healthcare Update: India–UK FTA May Boost Pharma Exports
Read MoreAugust 04, 2025 India–UK FTA May Boost Pharma Exports This article was first published in bwlegalworld.com (August, 01, 2025). The recently signed India-UK Comprehensive Economic and Trade Agreement (CETA) is being welcomed by the pharmaceutical industry in India for protecting provisions in the Patent Act, 1970 and increasing export opportunities. However, experts fear that […]
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1 August 2025 at 17 : 52 PM
Tax Hotline: No Names, No Problem: Delhi High Court reads down CBDT’s mandate for AIFs
Read MoreAugust 01, 2025 No Names, No Problem: Delhi High Court reads down CBDT’s mandate for AIFs The Delhi HC read down CBDT Circular requiring AIFs to name beneficiaries in trust deed as contrary to SEBI regulations Tax circulars cannot override statutory limitations or be applied selectively across jurisdictions. INTRODUCTION The Hon’ble Delhi High […]
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1 August 2025 at 09 : 43 AM
Deal Corner: NDA represents Steadview Capital Mauritius Limited and ABG Capital in the sale of their shareholding in Fyle Technologies to Sage
Read MoreAugust 01, 2025 NDA represents Steadview Capital Mauritius Limited and ABG Capital in the sale of their shareholding in Fyle Technologies to Sage Deal Brief Sage Holding Company Limited, a part of the Sage Group PLC (“Sage”) announced its 100% acquisition of Fyle Technologies Private Limited (“Fyle”). Sage is a market leader in cloud […]
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31 July 2025 at 09 : 13 AM
Competition Law Hotline: CCI Sees ‘Red’ in ‘Green’ Channel Filings
Read MoreJuly 31, 2025 CCI Sees ‘Red’ in ‘Green’ Channel Filings The Green Channel mechanism envisages a deemed approval route for certain combinations, but must be utilised with due caution to all the prerequisites In this article, we discuss the penalty levied by CCI for improper application of the Green Channel route and oversight / […]
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30 July 2025 at 21 : 35 PM
Regulatory Digest: FDI-Linked Performance Conditions: A Critical Analysis
Read MoreJuly 30, 2025 FDI-Linked Performance Conditions: A Critical Analysis Critically examines key regulatory challenges and definitional ambiguity around ‘FDI-Linked Performance Conditions’, its inconsistent application, and the resulting compliance burdens on investors. Proposes policy reform measures to enhance regulatory clarity, reduce investor uncertainty, and align sector-specific conditions with India’s evolving economic priorities. Introduction Foreign Direct […]
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24 July 2025 at 14 : 46 PM
Deal Corner: NDA represents Lingotto Opportunity Fund ILP (“Lingotto”) in the listing of TVS Infrastructure Trust
Read MoreJuly 24, 2025 NDA represents Lingotto Opportunity Fund ILP (“Lingotto”) in the listing of TVS Infrastructure Trust Deal Brief TVS Industrial & Logistics Parks Private Limited (“TVS ILP”) announced the fundraise of approximately USD 151 Million through the listing of its InvIT, TVS Infrastructure Trust. TVS ILP is the sponsor of TVS Infrastructure Trust […]
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22 July 2025 at 17 : 09 PM
Dispute Resolution Hotline: Cross-Border Appeals: The BICC–SICC Model
Read MoreJuly 22, 2025 Cross-Border Appeals: The BICC–SICC Model This article was first published in dailyjus.com (July, 21, 2025). In recent years, International Commercial Courts have emerged as important forums for resolving complex cross-border commercial disputes. These courts, such as the Singapore International Commercial Court (“SICC”), the Dubai International Financial Centre Courts (“DIFCC”), and the […]
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21 July 2025 at 12 : 28 PM
Deal Corner: NDA Represents Nuveen In Its Investment in Fabric IOT
Read MoreJuly 21, 2025 NDA Represents Nuveen In Its Investment in Fabric IOT Deal Brief As part of its second climate inclusion strategy, NCIF II Lux S.á.r.l. (“Nuveen”) participated in the Series A Funding Round of Fabric IOT Private Limited (“Fabric”). The transaction involved a primary infusion by Nuveen into Fabric. Fabric, along with its […]
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18 July 2025 at 19 : 47 PM
Yes, Governance Matters.: MCA’s Push for Gender-Sensitive Corporate Governance
Read MoreJuly 18, 2025 MCA’s Push for Gender-Sensitive Corporate Governance MCA has amended the Companies (Accounts) Rules, 2014 to mandate disclosure of data related to sexual harassment at the workplace under the POSH Act, and a statement of compliance with the Maternity Benefit Act, 1961, in the Board Report of companies. The amendment requires companies […]
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17 July 2025 at 22 : 51 PM
Deal Corner: NDA Represents Madison India Opportunities V VCC In Pine Labs’ Reverse Flip from Singapore to India
Read MoreJuly 17, 2025 NDA Represents Madison India Opportunities V VCC In Pine Labs’ Reverse Flip from Singapore to India Deal Brief Pine Labs Limited, a Singapore-based fintech leader, successfully completed a reverse flip by merging with its Indian entity, Pine Labs Private Limited, pursuant to an NCLT-approved scheme. Pine Labs is a prominent […]
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16 July 2025 at 14 : 53 PM
Regulatory Hotline: India’s FDI Framework Embraces Bonus Shares in Prohibited Sectors
Read MoreJuly 16, 2025 India’s FDI Framework Embraces Bonus Shares in Prohibited Sectors The Amended Rules now expressly permit Indian companies engaged in FDI-prohibited sectors to issue bonus shares to existing non-resident shareholders. Unlike Press Note 2 (2025), the Amended Rules explicitly grant retrospective effect to this clarification, thereby regularising past bonus issuances to foreign […]
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14 July 2025 at 13 : 15 PM
Companies Act Series: NSDL Circular on Off-Market Transfers: Aligning with Companies Act, 2013
Read MoreJuly 14, 2025 NSDL Circular on Off-Market Transfers: Aligning with Companies Act, 2013 NSDL mandates prior company consent for off-market transfers of dematerialized shares held by shareholders of private limited companies. Alignment of depository operations with the Companies Act, 2013, giving effect to share transfer restrictions under Articles of Association and shareholder agreements. Currently, […]
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11 July 2025 at 13 : 34 PM
New Publication: Mergers & Acquisitions
Read MoreAn Indian Legal, Regulatory and Tax Perspective Jully 11, 2025 In 2025, India’s M&A market is expected to maintain its upward momentum, supported by strong investor confidence and a favourable economic outlook. While deal activity in traditional sectors such as healthcare, financial services, and consumer goods is expected to remain robust, emerging sectors […]
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10 July 2025 at 10 : 33 AM
Regulatory Digest: The Financial Services Bulletin
Read MoreJuly 10, 2025 The Financial Services Bulletin This is the June edition of Nishith Desai Associates’ monthly financial services newsletter in collaboration with US-India Business Council. INTRODUCTION Mid 2025 continues to demonstrate promise for India Inc, which continues to remain a leading destination for foreign investments from a plethora of large-scale investors. While global […]
