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Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fourth Amendment) Regulations, 2017

FEMA - 387/2017-RB - Dated:- 9-3-2017 - RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION No. FEMA. 387/2017-RB Mumbai, the 9th March , 2017 G.S.R. 224 (E).-In exercise of the powers conferred by clause (b) of sub-sect .....

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ide India) Regulations, 2000 (Notification No. FEMA. 20/2000-RB dated 3rd May 2000) namely:- 1. Short Title & Commencement (i) These Regulations may be called the . (ii) They shall come into force from the date of their publication in the Officia .....

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sub-regulation (ii dd) and before the existing sub-regulation (ii e), the following sub-regulations shall be inserted: (ii E) E-commerce: a. E-commerce means buying and selling of goods and services including digital products over digital & elect .....

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in Section 2 (v) (iii) of FEMA 1999, owned or controlled by a person resident outside India and conducting the e-commerce business. c. Inventory based model of e-commerce means an e-commerce activity where inventory of goods and services is owned by .....

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seller. 3. Amendment of Schedule 1 In the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000, (Notification No. FEMA 20/2000-RB dated 3rd May 2000), in Schedule 1, in the existing Annex B .....

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ail trading, inter alia implying that existing restrictions on FDI in domestic trading would be applicable to e-commerce as well. 16.2.2 Market place model of e-commerce 100 % Automatic 16.2.3 Other Conditions a) Digital & electronic network will .....

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tered on its platform on B2B basis. c) E-commerce marketplace may provide support services to sellers in respect of warehousing, logistics, order fulfilment, call centre, payment collection and other services. d) E-commerce entity providing a marketp .....

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financial year basis affected through its marketplace from one vendor or their group companies. f) Goods/services made available for sale electronically on website should clearly provide name, address and other contact details of the seller. Post sa .....

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