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Review of the policy on Foreign Direct Investment (FDI) in e-commerce - FEMA - Press Note No. 2 (2018 Series)

Extract

..... to provisions of FDI Policy, e-commerce entities would engage only in Business to Business (B2B) e-commerce and not in Business to Consumer (B2C) e-commerce. 5.2.15.2.2 Definitions: i) E-commerce- E-commerce means buying and selling of goods and services including digital products over digital & electronic network. ii) E-commerce entity- E-commerce entity means a company incorporated under the Companies Act 1956 or the Companies Act 2013 or a foreign company covered under section 2 (42) of t .....

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Review of the policy on Foreign Direct Investment (FDI) in e-commerce - FEMA

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..... hannels and any other internet application used in automated manner such as web pages, extranets, mobiles etc. ii) Marketplace e-commerce entity will be permitted to enter into transactions with sellers registered on its platform on B2B basis. iii) E-commerce marketplace may provide support services to sellers in respect of warehousing, logistics, order fulfillment, call centre, payment collection and other services. iv) E-commerce entity providing a marketplace will not exercise ownership or co .....

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Review of the policy on Foreign Direct Investment (FDI) in e-commerce - FEMA

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..... onformity with the guidelines of the Reserve Bank of India. viii) In marketplace model, any warrantee/ guarantee of goods and services sold will be responsibility of the seller. ix) E-commerce entities providing marketplace will not directly or indirectly influence the sale price of goods or services and shall maintain level playing field. Services should be provided by e-commerce marketplace entity or other entities in which e-commerce marketplace entity has direct or indirect equity participat .....

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Review of the policy on Foreign Direct Investment (FDI) in e-commerce - FEMA

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