AK Balaji case Supreme Court issues notice on SLP filed by BCI Directs RBI to refrain from granting permission to foreign law firms and clarifies the expression to practice profession of lawquot

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The Supreme Court has issued notice on the Special Leave Petition filed by the Bar Council of India (BCI) against the decision of the Madras High Court in AK Balaji’s case. The Apex Court also directed the RBI to refrain from granting any permission to “the foreign law firms to open liaison offices in India under Section 29 of the Foreign Exchange Regulation Act,1973″.