Strengthening regulatory frameworks and enhancing capacity in India's legal and accountancy services sectors: A roadmap for reforms

Abstract

This project examines the current policy environment in India's legal and accountancy services sectors. It aims to lay the groundwork for future opening up of these services, by focusing on specific regulatory amendments that may be required to facilitate the liberalization of these sectors and by outlining forward looking measures such as harmonization with international standards, adoption of best practices from other countries, institution of new regulatory infrastructure, and redefining the role of existing regulatory bodies, to improve capacity and to help strengthen the regulatory framework in these services.