Search Global Export Import Trade Data
Recent Searches: No Recent Searches

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: 23-11-2022
NOTIFICATIONNo. 23/2022 – Central Tax
Seeks to empower the Competition Commission of India to handle anti-profiteering cases under CGST Act, 2017 with effect from 01.12.2022.

Date: 23-11-2022
NOTIFICATION No. 24/2022 – Central Tax
Seeks to make fourth amendment (2022) to CGST Rules with effect from 01.12.2022.

Date: 18-11-2022
Notification No. 58/2022-Customs
Seeks to amend Notification No. 27/2011- Customs, dated the 1st March, 2011 in order to withdrawal export duty on iron ore & steel products.

Date: 18-11-2022
Notification No. 59/2022-Customs
Seeks to amend Notification No. 50/2017-Customs, dated the 30th June, 2017 in order to withdrawal BCD exemption on Anthracite and PCI Coal, Coke & Semi coke and ferronickel.

Date: 18-11-2022
Notification No. 60/2022-Customs
Seeks to amend Notification 11/2021-Customs, dated the 1st February, 2021 in order to withdrawal AIDC exemption on Anthracite ,PCI Coal and Coking Coal.

Date: 17-11-2022
Notification No. 97 /2022 - Customs (N.T.)
Seeks to giv exemption from BCD for the motor car if imported by the Governor of the state .

Date: 17-11-2022
Notification No. 57/2022-Customs
Seeks to giv exemption from BCD for the motor car if imported by the Governor of the state .

Date: 16-11-2022
Notification No. 38/2022-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise Duty on production of Petroleum Crude.

Date: 16-11-2022
Notification No. 39/2022-Central Excise
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022 , to reduce the Special Additional Excise Duty on Diesel.

Date: 15-11-2022
NOTIFICATION No. 22/2022 – Central Tax
Seeks to make amendments (Third Amendment, 2022) to the CGST Rules, 2017.

Exim Guru Copyright © 1999-2022 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 InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001