Focusing eCommerce Retail India!
Alleged contraventions in e-commerce under scanner! Representations alleging violations of extant laws by e-commerce companies have been received. In this regard, representations received are being examined by Department for Promotion of Industry and Internal Trade (DPIIT) and certain alleged contraventions under the FDI Policy, are also being investigated against certain e-commerce retail companies under provisions of Foreign Exchange Management Act, 1999 by the Directorate of Enforcement. Further, several complaints against e-commerce entities, including related associate/holding companies etc, which are operating as marketplace platforms, online sellers/service providers, search engines service providers operating in different verticals etc, regarding anti-competitive behavior, are being looked into by Competition Commission of India. In order to provide clarity to the extant FDI Policy on e-commerce, DPIIT had issued Press Note 2 of 2018 on 26.12.2018....