Category: India Legal News and Analysis
Bar Council of India Stalls Entry of Foreign Lawyers
The Bar Council of India (BCI) has managed to throw a spanner into the Government’s steps to allow entry of foreign law firms. The Government continues its efforts to attract foreign investment with new and innovative initiatives and strategies. Entry of Foreign Lawyers – The Bar […]
India Accelerates on Global Competitiveness
For the second year in a row, India jumped 16 places on the Global Competitiveness Report giving a boost to the Government’s initiatives to improve the business environment and make India a preferred global business destination. India is also working on the weaknesses identified and the […]
Legal startup legistify seeks to make the law accessible in India
India’s legal market represents an enormous opportunity for legal startup entrepreneurs. With a Gross Domestic Product (GDP) of 1.877 trillion USD (2013) it ranks as “the seventh-largest economy in the world measured by nominal GDP and the third-largest by purchasing power parity.” As in other economies in the […]
Uniform Tax Rate To Finally Become Reality in India
The Indian Parliament has approved the long pending Goods and Services Tax Bill earlier this month, paving the way for a uniform tax regime. There were more tax reforms when the India Cyprus Double Tax Avoidance Treaty being amended. The Government also kept its promise to […]
India: Monsoon Cheers For Foreign Investment and Lawyers
The Government’s focus continues on improving various aspects of India’s overall outlook to foreign investors. This month there appeared to be increased focus on social development and various treaties were signed or made operational. Bar Council of India shared the draft rules for entry of foreign […]
FDI Gifts for Silver Jubilee of India’s Economic Liberalisation
For 44 years after attaining independence, India was virtually a closed economy. And then in 1991 Manmohan Singh, the then Union Finance Minister, changed the face of business in India by taking the first steps to liberalise the economy. Looking back now, it appears to be […]
Bold Action Marks Modi’s Second Anniversary
The Central Government led by India’s Prime Minister, Narendra Modi completed 2 years in office this month. While a lot of initiatives have been implemented and there is a feel good factor, some strong steps need to be taken to propel India to the top league for foreign […]
India Declared A Top Destination for FDI
The Government’s efforts to make India a top destination for foreign investment received yet another boost when one of the world’s leading observer of global FDI gave it the top honours. The Government continued to open up more avenues for foreign investment. There are some fresh […]
Residency Status for Foreign Investors and Further Liberalisation of FDI in India
India’s commitment to foreign investment was further fortified in the annual finance budget of the Government of India. The slew of announcements made by the Finance Minister, Mr. Arun Jaitley in the Lower House of the Parliament of India is expected to be instrumental in making […]
India Forges Ahead with Double FDI Inflows & Make in India Week
The first two months of 2016 have seen some significant developments for India’s foreign investment scenario. It received a boost from a global report declaring huge jump in foreign investment inflows. Going with the positive flow, the Government organized the ‘Make in India Week’ to boost […]
Switchover to India’s Overhauled External Borrowing Regulations
The new year began with a big bang for start-ups in India. The Government of India announced a new strategy to support start-ups. A detailed action plan in this regard has been prepared by it. The Government has taken various measures to improve the ease of […]
Arbitration Becomes Regulated in India…Finally!
The Arbitration & Conciliation Act, 1996 (Act) was enacted to overhaul the then archaic Arbitration Act, 1940. It was a well enacted law in those days of early arbitration when court proceedings had not only become lengthy and tiresome, but also expensive for the clients. However, […]
Sweeping Changes to India’s FDI Policy
Liberalisation of India’s economy has always been on the cards in Modi Government’s agenda from the start. However, it chose the time of heavy electoral losses in state of Bihar to announce the goodies for foreign investors. The sweeping changes to the FDI policy were announced […]
India Tops Global FDI Chart, Attracts Largest Investment & Boosts ‘Make In India’
India’s capability as a top foreign investment destination hit a new high as it emerged the leader in FDI for Greenfield investment. Two high-profile deals were also signed to stamp India’s prominence in this space. India Top Global FDI Destination For Greenfield Investments – India is […]
India: First Ever States’ Scorecard of Business Reforms Ushers Competitive Federalism
The results of the first ever survey of Indian States on implementation of ease of doing business is out and has thrown up interesting results. A long needed clarification on facility sharing by foreign group companies brings in the desired relief. The Government recalled its decision […]
India: Foreign Investment Hits and Tax Reform Misses
The Government of India has complied with its announcements made in the annual union finance budget to set up composite caps for foreign investment. However there was a setback to its tax reforms when the GST Bill could not be passed. Composite Caps for Foreign Investment – The […]
India Gears Up to Roll Out the Red Carpet for Foreign Law Firms
The Government of India has made up its mind to allow foreign law firms to practice in India. It has virtually crushed all opposition for years altogether in a matter of months. There have been several media reports in India late last month quoting the then […]
India Addresses Implementation Issues In New Company Law
The Government of India has woken up to India’s poor ranking on the Doing Business Report and is taking active steps to get into the roots of the problem. A few more measures were announced in this regard, the most significant of them, being the long […]
With Focus on Ease of Doing Business in India, Modi Government Ushers in its First Anniversary
The Narendra Modi led Government, which completes its first anniversary this month, continued its focus on simplifying procedures for ease of doing business in India. The annual updation to the consolidated foreign direct investment policy was published this month. The controversial MAT levy is being relooked […]
India: Retrospective Tax on Foreign Investment a Step Backward
In the past month the Indian Government took action towards facilitating foreign investment as was promised in the annual Union budget. However, all the beneficial steps were overshadowed by the controversial levy of Minimum Alternate Tax on capital gains by Foreign Institutional Investors. There were welcome […]
Regulatory Reforms Indicate India’s Commitment to Foreign Investment
The ‘Make In India’ campaign is going full throttle with the Government initiating key changes to its foreign direct investment policy and the finance budget providing further fillip with slew of regulatory reforms. Further, there is fresh hope for entry of foreign law firms. Foreign Direct […]
Will India’s new government liberalize the country’s legal market?
Legal markets across the Asia-Pacific region have been liberalized in recent years. Liberalization of the Singapore, Malaysia, Hong Kong, South Korean and Indian legal markets are all at various stages of development. India, arguably, is the least liberalized among them. Member states of the World Trade […]