Your Ad Here

sitemap   Home | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Apply for News Correspondent  
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax
 
 
News Search:
 
 
« News Headlines »
 Don't wait till March to plan your tax investments
 Govt plans to link tax with inflation rate
 Taxing times or relaxing: Telecom & IT
 Tax burden of firms to lighten in wake of ruling on transfer pricing
 Referral fees held not liable to tax
 'If it is creamier after Rs 4.5 lakh, then raise tax limit to Rs 4.5 lakh'
 IOC awaits changes in tax laws to buy diesel from RIL
 Regulatory, taxation challenges for India
 Accountancy Profession Worldwide
 TDS only on arrears of salary actually paid during FY 2008-09

Foreign law firms may argue in India
January, 05th 2007

The Centre has initiated talks with countries, including the UK, on modalities for allowing their law firms limited entry into India.

While commerce ministry officials did not specify a timeframe, they said the Bar Council of India (BCI) had, for the first time, agreed to be part of the negotiations.

The chairman and vice-chairman of BCI, the apex regulatory body for lawyers in India, have now been nominated members of a working group scheduled to meet their British counterparts later this month.

Sources in the BCI, however, said, the regulator continued to have reservations about liberalising the legal sector.

The late January meeting, commerce ministry officials said, would decide on a mechanism for allowing non-practice legal advisory services aimed at enhancing trade and investment in the sector. New Brief

• No time-frame is specified to allow foreign cos limited entry into the sector
• Govt says Bar Council has, for the first time, agreed to be part of negotiations 

When contacted, BCI chairman Jagannath Patnaik said, “Being away from the discussions will not serve any purpose. The government asked our consent to be members of the Indian group and we have given it. But, so far, they have not told us anything about the parameters of the meeting.”

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2006 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd. Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv