National Security Screening In Cross-Border M&A: The Indian Approach
IJLLR Journal
Era Gangwar, Thakur Ramnarayan College of Law, Mumbai, India ABSTRACT This paper analyzes the interplay of national security review and cross-border M&A regulations in India. First, the paper maps out the development of FDI-scrutiny mechanisms in India, particularly the changes introduced through Press Note No. 3 issued in 2020 (PN3) as well as its broader context provided by the Foreign Exchange Management Act, 1999 (FEMA), the Companies Act, 2013, and sector-specific security clearance...