In Possible Reversal, India Considers Allowing Big Four Accounting Firms to Practise Law
Just two months ago, the Bar Council of Delhi said Deloitte, EY, KPMG and PwC should "refrain from engaging" in law practice.
July 17, 2019 at 12:51 PM
3 minute read
A scheduled hearing in India regarding the Big Four accounting firms' practise of law has been cancelled amid negotiations with regulators and the government that could lead to the auditors gaining permission to practise law in India.
In May, the Indian operations of Deloitte, EY, KPMG and PricewaterhouseCoopers all received letters from the Bar Council of Delhi, alleging that the auditors are illegally practising law in the country and informing them they are barred from doing so until further notice. All four said they had not been practising law in India.
A hearing was set for July 12 at the Delhi Bar Council but it was cancelled "at the last minute", said Lalit Bhasin, the New Delhi-based president of the Society of Indian Law Firms, a professional association representing the interests of law firms in India. A 2015 petition from Bhasin led to the directive barring the Big Four from practising law in India and the scheduling of the July hearing. Bhasin said no reason was given for cancelling the hearing. "[The] status quo remains," he said.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 4What We Know About the Kentucky Judge Killed in His Chambers
- 5'I'm Staying Everything': Texas Bankruptcy Judge Halts Talc Trials Against J&J
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250