1. Home >
  2. Export Import News >
  3. SEZ >
  4. No decision on allowing foreign law firms in India: Sources >
  5. No decision on allowing foreign law firms in India: Sources

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

No decision on allowing foreign law firms in India: Sources.

Date: 07-03-2017
Subject: No decision on allowing foreign law firms in India: Sources
MUMBAI: Government is likely to maintain a status quo and avoid giving clarity around whether foreign law firms can operate from India or not.

This comes about two months after the ministry of commerce and industry on January 3 amended a rule allowing foreign law firms to set up offices and advise clients from Indian SEZs.

Before January 3, India did not permit multinational law firms to operate in the country. Indian law firms were also not allowed to operate from any of the SEZs. ET was first to report in January that new rule was amended which was set to benefit financial centres, but initially Gujarat International Finance Tec-City (GIFT).

The January amendment was made by commerce ministry while whether to allow a foreign law firm in India is a purview of ministry of law & justice, say industry experts.

Representatives of Society of Indian Law Firms (SILF), a body comprising the country's top-100 law firms and the apex representative organisation for corporate commercial and litigation law, had recently met the senior government officials in ministry of law and justice.

According to a person who was present in the meeting, government has given an assurance that foreign law firms won’t be allowed in India. 

Citing the ET’s January story, Lalit Bhasin, president, SILF, had written to all its members and said that the government’s decision was a “sudden and significant “development. SILF has mailed a questionnaire comprising five questions to its members seeking their opinion on whether such a notification could be issued by the department of commerce in the first place. It wanted to know whether the Bar Council of India had given its approval for this and who would monitor the foreign law firms. They also wanted to know if the foreign law firms could practice throughout India from the SEZ. 

The issue could cause a face-off between two government ministries and in the meantime foreign law firms may choose to stay away from India till more clarity is provided, say industry trackers.

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 20-01-2020
A.P. (DIR Series) Circular No.17
Introduction of Rupee derivatives at International Financial Services Centres (IFSC)

Date: 17-01-2020
TRADE NOTICE NO. 46/2019-20
Mis-classification goods under 'Others' category at the time of Import- reg.

Date: 16-01-2020
Notification No.05/2020 - Customs (N.T.)
Exchange Rates Notification No.05/2020-Custom (NT) dated 16.01.2020.

Date: 15-01-2020
Notification No. 03/2020- Customs (N.T.)
Notification of Ghasuapara LCS for imports also by amendment of Notification No. 63/1994-Customs dated 21st November 1994

Date: 15-01-2020
Notification No. 04/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver - reg.

Date: 15-01-2020
Circular No 03/2020-Customs
Implementation of PGA e-SANCHIT– Paperless Processing under SWIFTUploading of Licenses/Permits/Certificates/Other Authorizations (LPCOs) by PGAs – reg

Date: 15-01-2020
A.P. (DIR Series) Circular No. 16
Hedging of Commodity Price Risk and Freight Risk in Overseas Markets (Reserve Bank) Directions, 2018 - Amendment

Date: 14-01-2020
PUBLIC NOTICE No. 56/2015-2020
Amendments in Standard Input Output Norms (SION) of Engineering Product group: Suspension of SION C-888 - reg

Date: 14-01-2020
Notification No. 4/2020-Customs (N.T./CAA/EXTENSION/DRI)
Appointment of CAA by DGRI

Date: 13-01-2020
Notification No. 05/2020 – Central Tax
Seeks to appoint Revisional Authority under CGST Act, 2017.

Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001