Now also available aseBookIndia, a Union of 28 States and 7 territories, with a population of over abillion people and multiple cultures and languages, is a democratic republicoften called, quite rightly, ‘the largest democracy in the world’. Because thewell-established English legal system endured after independence in 1947,India categorically remains a common law jurisdiction, and its legal practiceand procedure is conducted almost exclusively in English.
Nonetheless, Indianlaw is sufficiently complex in ways that are distinct from otherEuropean-based systems that a book such as this – in which the business legalsystem of India is thoroughly reviewed – will be really welcomed by bothpractitioners and academics. This book examines the full spectrum of India’slegal system as it applies to commercial, customs, and tax matters, and coversamong much else such elements as the following:division of executive and legislative powers between the Union and theindividual States;role of the Supreme Court and State high courts;role of State legislative assemblies;levels of appeals in judiciary system;power of specialised State tribunals in, for example, tax, company law,bankruptcy;power of the State to appropriate property;constitutional protection of culture and environment;use and citation of foreign judgments and jurisprudence;contract law;trusts;industrial relations;minimum wage law;income tax rules and procedure;bilateral double taxation agreements;copyright and trademark protection;semiconductor integrated circuits layout design;protection of plant varieties and farmers’ rights;competition law;multi-State cooperation agreements; andregulation of financial services.An extensive appendix supplies texts of the Constitution of India, the IndianPenal Code and 23 Legislative Acts pertaining to commercial, customs and taxmatters. There is a sample franchise agreement, and an informative summary ofcurrent and projected foreign trade policy through 2014. Both as a guide tobusiness lawyers working with Indian partners and as a comparative lawtreatment of the world’s second most populous country (and a rapidly growingeconomic powerhouse), this book has no peers.
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