38.6c New Delhi, India, Wednesday, June 19, 2024
Legal Insiders

Bar Council of Delhi Bars Big Four Accounting Firms From Practicing Law

By LawStreet News Network      03 May, 2019 12:00 AM      0 Comments
Bar Council of Delhi Bars Big Four Accounting Firms From Practicing Law

Acting on a complaint filed by Society of Indian Law Firms (SILF), the Bar Council of Delhi (BCD) has directed the Big Four Accounting Firms – KPMG, Price Water House Coopers, Ernst & Young, and Deloitte India to refrain from indulging in any practice which would amount to practising law until further orders.

The Bar Council has also directed them to give a list of all the advocates, who have been engaged by them, in any capacity, in any of their offices at any place.

The complaint was filed by Senior AdvocateLalit Bhasin, President of The Society of Indian Law Firms. In the complaint, Bhasin has alleged that the 4 big multinational audit and accounting firms have been unauthorizedly practicing law.

While Chartered accountants are governed by the Chartered Accountants Act, 1949, legal practice is governed by the Advocates Act, 1961. Yet, the accounting firms have been encroaching into the domain of legal practice by offering non-litigation services, it has been argued. Such a practice of hiring law graduates to provide non-litigation legal solutions is in contravention of the Advocates Act, 1961.

This is not the first time that this issue has been raised, earlier in 2015, a similar complaint was filed by SILF before BCD to seek appropriate legal action against the Big 4 firms who were allegedly engaging in unauthorised practice of law.

In November 2018, an expert panel constituted by the ministry of corporate affairs (MCA) had also recommended an amendment to the Advocates Act to allow audit firms to offer legal services, Economic Times reported.

The matter would be heard on July 12, 2019.

 



Share this article:

User Avatar
About:


Leave a feedback about this
TRENDING NEWS

historic-moment-all-four-gates-of-puris-jagannath-temple-reopened-after-bjps-landmark-victory-in-odisha
Trending News Updates
Historic Moment: All Four Gates of Puri’s Jagannath Temple Reopened After BJP’s Landmark Victory in Odisha

Historic Moment All Four Gates of Puris Jagannath Temple Reopened After BJPs Landmark Victory in Odisha

18 June, 2024 11:03 AM
education-minister-admits-irregularities-in-neet-ug-centre-nta-to-face-probing-queries-in-sc
Trending Executive
Education Minister admits irregularities in NEET UG; Centre, NTA to face probing queries in SC

Education Minister admits irregularities in NEET UG; Centre, NTA to face SC probe over exam conduct and paper leak allegations, counselling to proceed.

18 June, 2024 12:14 PM

TOP STORIES

karan-johar-moves-bombay-high-court-against-film-shaadi-ke-director-karan-aur-johar
Trending CelebStreet
Karan Johar moves Bombay High Court against film ‘Shaadi Ke Director Karan Aur Johar’

Karan Johar files a lawsuit in Bombay High Court against the film “Shaadi Ke Director Karan Aur Johar,” seeking to prevent the use of his name in the title.

13 June, 2024 12:01 AM
conspired-to-transform-india-into-an-islamic-country-by-2047-bombay-hc-denies-bail-to-3-islamists-pfi-members
Trending Judiciary
Conspired to transform India into an Islamic country by 2047: Bombay HC denies bail to 3 Islamists PFI members [Read Order]

Bombay High Court denies bail to three PFI members accused of plotting to turn India into an Islamic state by 2047, citing strong evidence and risk of tampering.

13 June, 2024 12:37 AM
delhi-hc-refuses-to-stay-neet-ug-admissions-counselling-over-paper-leak-allegations
Trending Judiciary
Delhi HC refuses to stay NEET-UG admissions counselling, over paper leak allegations

Delhi High Court refuses to stay NEET-UG 2024 counselling amidst allegations of irregularities.

13 June, 2024 12:48 PM
centre-to-hold-re-test-for-1563-candidates-awarded-grace-marks-in-neet-ug-2024
Trending Judiciary
Centre to hold re-test for 1563 candidates awarded grace marks in NEET UG, 2024 [Read Order]

Centre to hold re-test for 1563 candidates awarded grace marks in NEET UG 2024. Date for re-test to be notified on June 13, results by June 30.

13 June, 2024 01:39 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email