Legal and accounting professionals in India can look forward to practising in the UK in return for ceding some ground to British professionals here. Also, talks to lower the entry barriers for UK’s legal and financial services to India is set to go in full swing.
Discussions between India and UK towards a bilateral trade deal on legal and financial services have gathered momentum with both the countries setting up a framework to remove all the speed breakers that UK firms encounter here.
The task force would discuss issues of company law, accounting and auditing, company secretaryship, corporate governance, investor protection and competition.
Corporate affairs minister Prem Chand Gupta, who met a visiting delegation of 14 experts and policy makers from UK led by lord mayor of London Alderman John Stuttard on Monday, told them that any opening up of these sectors would be on a reciprocal basis.