E-commerce players cannot be partial to any sellers
By IANS |
Published on
Sat, Mar 13 2021 13:03 IST |
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Bhubaneswar, April 13 (IANS) The Odisha government on Monday said e-commerce and online platforms can resume operations in the second phase of the lockdown beginning April 15.. Image Source: IANS News
New Delhi, March 13 : An e-Commerce operator operating in marketplace or hybrid mode shall manage its relationship with sellers on its platform in an agnostic manner and without being partial to any of its sellers.
This is laid out in the Draft E-commerce policy prepared by Department for Promotion of Industry and Internal Trade under the Ministry of Commerce & Industry.
March 12, 2021
Abin Daya, Principal - Regulatory Compliance, Aquinas Consulting LLP×
“Regulators should permit overseas businesses in which Indian investors have a minority interest to set up subsidiaries or enter into JVs in India”
In recent times, there have also been some discussions about the Overseas Direct Investment-Foreign Direct Investment structure where an overseas entity which has received investment into it from Indian investors sets up a subsidiary or enters into a JV in India - and the permissibility/regulatory aspects around the same.
However, there are ambiguities that need to be cleared, according to Abin Daya, Principal - Regulatory Compliance, Aquinas Consulting LLP, and who advises corporates on Foreign Exchange Management Act, 1999.
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