sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 What to do when you receive a notice from the tax department
 How to use your Form 16
 Which ITR form applies to you for financial year 2017-18?
 Income tax returns filing form-2 released; should you use it? Find out
  Are you planning to file ITR 1 form? here's how to do it Income Tax Return (ITR) filing
 30 LPA-Opening Financial Controller
 ITR form 2 in java release by CBDT for return filing by individuals
 How to file your income tax return using ITR Form-1 Income Tax efiling for AY 2018-19
 Income tax returns (ITR) filing: Have you received I-T dept notice? Safeguard yourself; here is how
 Delayed release of electronic ITR forms may compel CBDT to extend the filing deadline
 Trading volume linked to tax return?

Govt discussing with legal community to allow foreign firms
August, 29th 2007
The government is in discussion with the legal community on a proposal for allowing international legal firms in India.

"We are consulting the bar council. They (bar council) are going to have a joint meeting of the bar councils throughout the country. They want a month's time to decide about it," Law Minister Bhardwaj said after inaugurating a law firm's office here yesterday.

The domestic legal community, including the Bar Council, has been opposed to opening the legal profession to foreign players, but the government has been mooting the idea over some period of time now.

"On the other side, the Joint Working Group is also working on it. After the Limited Liability (Partnership) Law (LLP) is passed, we will take a decision. We hope by the end of the year, everything will be decided", Bhardwaj said.

The proposed LLP bill allows foreign nationals to enter into limited liability partnerships, provided at least one partner should be resident of India.

Such partnerships can be formed for any trade, profession or occupation. The bill also seeks to allow LLPs established abroad to operate and conduct business in India.

According to some estimates, opening of the legal sector would help government tap the global legal outsourcing market, whose worth is as much as $265 billion.

Also, nearly 79,000 law graduates could be absorbed to provide legal services if the sector is opened up to foreign firms, whereas at present, the absorption is mere 12,000, according to a study by Forrester Research.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions