Category: India Legal News and Analysis

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 Government […]

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's famous landmark taj mahal New Company Law

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 […]

Taj mahal india Tax on Foreign Investment

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 […]

Taj mahal front view Regulatory Reforms Indicate India's

India’s Regulatory Reforms: 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. The finance budget providing further fillip with a slew of regulatory reforms. Further, there is fresh hope for the entry of foreign law firms. Regulatory […]

India gate Delhi

Will India’s new government liberalize the country’s legal market?

Legal news in Asia and the 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 liberal among them.  Member […]

India to lift restrictions on law firm websites

“The Bar Council of India has responded to widespread demands by announcing it is to lift restrictions on law firm websites”, according to a recent report by Melissa Lesh in The Global Legal Post. As Lesh outlined: “The bar is planning to amend the regulation dealing with law […]

India's legal industry

India’s legal industry growing rapidly

India’s legal services industry is growing at a rate of about 40% per annum”, according to a report by Daisy Khanna, of KPO Consultants, a New Delhi-based consulting company which provides business solutions exclusively to the Legal Process Outsourcing (LPO) industry. While driven in large part […]