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".
Leaving little room for ambiguity, the Court further stated that the expression “to practice the profession of law” under Section 29 of the . . .
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