TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>RBI Prohibits Foreign Law Firms from Establishing Offices in India to Practice Law, Following Supreme Court Ruling.</h1> The circular issued on November 23, 2020, by the Reserve Bank of India (RBI) addresses the prohibition of foreign law firms from establishing any business presence in India for practicing law. Following a Supreme Court ruling, only advocates enrolled under the Advocates Act, 1961, can practice law in India. Consequently, foreign law firms or lawyers are not allowed to open branch, liaison, or project offices for legal practice. Authorized Dealer Category-I banks are instructed not to approve such establishments and must report any violations to the RBI. Other provisions of the BO/LO/PO policy remain unchanged.
TaxTMI 
TaxTMI 
