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Thursday, 27 December 2018

The regulations for e-commerce companies


The regulations for e-commerce companies like Flipkart, Amazon, which have foreign investment, are hardened. The government has banned the sale of the company's products if any company has a share in it. Also, the Ministry of Commerce and Industry has also advised all vendors to provide equal services without any bias orientation. It has stated that foreign direct investment policy regulations have been amended to safeguard the interests of domestic companies. 
 The decision was taken in the face of strong competition from e-commerce companies to domestic companies with the backing of foreign investment. The revised procedure comes into effect from February 1, 2019. According to this policy, sales companies cannot sell more than 25 percent of the online platform on an e-commerce company. The regulations for e-commerce companies

The Ministry also stated in its notification that online companies are not allowed to sell the dealer to sell a particular item on their platforms. The logistics, advertising, warehouses, marketing and payment services offered to those companies, however, should not be treated biased, even though they have a share or indirect stake in marketing companies. The regulations for e-commerce companies
 The audit report and certificate should be submitted to the RBI by September 30 of each year to verify the terms and conditions of the previous financial year. Currently, 100% FDI is allowed in e-commerce companies. This flexibility applies if you do not carry out the operation of the cargo reserves except for sale.

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