Foreign law firms' practice restriction bars establishment of offices in India under FEMA and mandates bank reporting of violations. Foreign law firms, foreign lawyers and foreign companies are not permitted to practice law in India and therefore shall not establish branch offices, liaison offices, project offices or other places of business in India for the purpose of practicing law; Authorized Dealer Category I banks must not grant FEMA approvals for such establishments and must report violations of the Advocates Act to the Reserve Bank, while other BO/LO/PO policy provisions remain unchanged and the Master Direction has been updated accordingly.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign law firms' practice restriction bars establishment of offices in India under FEMA and mandates bank reporting of violations.
Foreign law firms, foreign lawyers and foreign companies are not permitted to practice law in India and therefore shall not establish branch offices, liaison offices, project offices or other places of business in India for the purpose of practicing law; Authorized Dealer Category I banks must not grant FEMA approvals for such establishments and must report violations of the Advocates Act to the Reserve Bank, while other BO/LO/PO policy provisions remain unchanged and the Master Direction has been updated accordingly.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
