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Foreigners doing business in India need to be made accountable under Indian law: Allahabad High Court
Update / Judgement Date
31 Jul 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
The Allahabad High Court has ruled that foreign companies operating in India must adhere to Indian laws and be accountable under them. The court's decision emphasizes that foreign entities, even if registered abroad, cannot evade Indian regulations while conducting business in India. This ruling aims to ensure that foreign businesses comply with local legal standards, including taxation and corporate governance. The court's stance underscores India's commitment to enforcing its legal framework uniformly for all businesses operating within its jurisdiction.