TMI BlogForeign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2019X X X X Extracts X X X X X X X X Extracts X X X X ..... Mumbai, the 31st January, 2019 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2019 G.S.R. 78(E).- In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the followin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rporated under the Companies Act 1956 or the Companies Act, 2013. (ii) The existing SL. No. 15.2.3(h) shall be substituted by the following, namely: E-commerce entity providing a marketplace will not exercise ownership or control over the inventory i.e. goods purported to be sold. Explanation : Inventory of a vendor will be deemed to be controlled by e-commerce marketplace entity if ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... provided by e-commerce marketplace entity or other entities in which e-commerce marketplace entity has direct or indirect equity participation or common control, to vendors on the platform at arm s length and in a fair and non-discriminatory manner. Explanation: Such services will include but not limited to fulfilment, logistics, warehousing, advertisement/marketing, payments, financing etc. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... NE E. KARTHAK, Regional Director Foot Note: The Principal Regulations were published in the Official Gazette vide G.S.R. No. 1374(E) dated November 07, 2017 in Part II, Section 3, Sub-section (i) and subsequently amended as under. G.S.R. No. 279(E) dated 26.03.2018 G.S.R. No. 520(E) dated 01.06.2018 G.S.R. No. 823(E) dated 30.8.2018 - Notification Tax Management Indi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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