Our Offices Location

Delhi
Gurugram
Mumbai
Lucknow
Jaipur
Kolkata
Allahabad
PREACH LAW LLP
Kolkata Office at
Chamber No.215, High Court Of Kolkata West Bangal -: 700001
PREACH LAW LLP
Opposite Road No.3, GTI Area,
Sikar Road, Jaipur, Rajasthan - 302013
PREACH LAW LLP
Office at: 805-B, Sector-K,
Ashiana, Lucknow, Uttar Pradesh, India,
PREACH LAW LLP
Office at: Chamber no.-145,
Shaheed Sukhdev Singh Block,
Near Gate No-1,District Court, Gurugram.
PREACH LAW LLP
(Advocates & Attorney)
Reg. Office:E-111-B, Nawada Housing Complex,
Uttam Nagar, New Delhi-110059
PREACH LAW LLP
Antop Hill Ware Housing Co. Limited,
Unit No. C-339, V.I.T. College Road,
Wadala (East), Mumbai - 400 037
PREACH LAW LLP
Allahabad Office at
138-A/1,Ram Priya Road,
Prayag Allahabad, Uttar Pradesh
  • Delhi
    PREACH LAW LLP
    Delhi Office at
    Plot No.B-34, Second Floor, Arjun Park, South West Delhi, New Delhi – 110043, India
  • Gurugram
    PREACH LAW LLP
    Gurugram Office at
    Chamber no.-145, Shaheed Sukhdev Singh Block, Near Gate No-1,District Court, Gurugram.
  • Mumbai
    PREACH LAW LLP
    Mumbai Office at
    Unit No. C-339, V.I.T. College Road,
    Wadala (East), Mumbai - 400 037.
  • Lucknow
    PREACH LAW LLP
    Lucknow Office at
    805-B, Sector-K, Ashiana, Lucknow, Uttar Pradesh, India,
  • Jaipur
    PREACH LAW LLP
    Jaipur Office at
    Opposite Road No.3, GTI Area, Sikar Road, Jaipur, Rajasthan - 302013
  • Kolkata
    PREACH LAW LLP
    Kolkata Office at
    Chamber No.215, High Court Of Kolkata West Bangal -: 700001
  • Allahabad
    PREACH LAW LLP
    Allahabad Office at
    138-A/1,Ram Priya Road, Prayag Allahabad, Uttar Pradesh

IT & ITIES

IT & ITIES

About IT & ITES Industry

The global economy has begun to pull out of one of the most severe recessions in several decades aided by a synchronized and massive government stimulus response across the world. The transition in the economic environment has been captured in the recent IMF projections for the global economy. After a number of downward revisions to its world growth projections, the IMF in its October 2009 World Economic Outlook has raised its GDP forecast for 2009 and 2010 by 0.3% and 0.6% respectively. Global activity is now expected to expand by 3.1% in 2010, after contracting by around 1% in 2009. Prospects of recovery have improved for both advanced as well as emerging market economies as co-ordinated public intervention enacted during the depths of the crisis have helped revive domestic demand and reduce economic uncertainty

Policy Regime

IT and ITES has played a major role in the overall growth and development of India. In the electronic and IT sector, 100% FDI is permitted under the automatic route. The major fiscal incentives provided by the Government of India in this sector been for export-oriented units (EOU), software technology parks (STP) and special economic zones (SEZ). These are details below

  • ● Software Technology Parks were set up as automatic societies under the Department of Electronic and Information Technology in 1991 to software exports from the country.
  • ● There is 100% exemption of export profit from income tax for the first five years, 50% for the next five years, and 50% for the next five years subject to transfer of profit to special reserves
  • ● The Government has given formal approval to 354 SEZs and the number of notified SEZs in these sectors was 236 until 2010.
  • ● Information Technology Investment Regions were notified in 2008
  • ● R & D promotion is also being encouraged by the government. The department has put in place the two key schemes – SIPEIT – Support International Patent Protection in Electronics & IT and MGS – Multiplier Grants Scheme.
  • ● Cognizant
  • ● Sapient
  • ● iYogi
  • ● Mphasis

Rules and Regulations
  • ● Information Technology Act, 2000
  • ● Right to Information Act, 2005

Major players of the Industries

The following are India’s Tier 1 companies in the IT sector

  • ● Tata Consultancy Services Ltd
  • ● Wipro Technologies Ltd.
  • ● Infosys Technologies Ltd
  • ● Satyam Computer Services Ltd

The other key players include the following

  • ● IBM
  • ● HCL
  • ● Patni
  • ● Polaris
  • ● Cisco
  • ● KPIT Cummins
  • ● Kanbay
  • ● i-Flex Solutions

Legal services of Preach Law LLP

The firm provides advice on cutting-edge issues that cover multiple legal and business disciplines. Our expertise and understanding of the business is the foundation for providing full range of legal services including

  • ● Arbitrations & Litigation
  • ● Foreign Investments
  • ● Regulatory
  • ● Structuring
  • ● Offset policy
  • ● Statutory Compliances
  • ● Joint Ventures
  • ● Contracts
  • ● Teaming Agreements
  • ● Auction/Bid Management etc.
  • ● Tax & Regulatory Structuring
  • ● Sourcing/Supply and Service Agreements.
  • ● Regulatory Approvals/Representations
  • ● Advisory Services
  • ● Information Technology Enablement
  • ● Review/Appeal of Administration Decisions

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