News Muncher - searching for regulations

Top executives of e-commerce giants Amazon and Flipkart are under the scanner of the Enforcement Directorate over alleged violations of foreign investment regulations, sources have told India Today. The development follows extensive searches conducted by the ED at over 19 locations associated with vendors of Amazon and Flipkart across Delhi, Bengaluru, Mumbai, Hyderabad, and Panchkula. The ED's investigation stems from …

The ED is scrutinising whether Amazon and Flipkart controlled vendors in ways that violate regulations, which mandate that these platforms operate purely as intermediaries and not as inventory-based businesses Nationwide searches were conducted earlier this month at 19 sites linked to prominent sellers of Amazon and Flipkart in New Delhi, Bengaluru, and Hyderabad. Image Credit: Reuters The Enforcement Directorate is …

CAIT said that as per reports, Metro Germany is looking to sell the India business and make profits of over Rs 10,000 crore on its investment in the country Metro Cash and Carry has been accused by the traders’ body Confederation of All India Traders of fund diversion and violating foreign direct investment, or FDI, regulations and flouting goods and …

FDI policy on e-commerce: Online firms cannot win the game by blaming govt but by finding a way around regulations

As per the new FDI regulations, digital media companies in India can accept up to 26% investment in the form of foreign investment, subject to approval from the Centre Yahoo has shut down its news websites in India due to the new foreign direct investment rules that limit foreign ownership of media companies that operate and publish digital content in …

Walmart-owned Flipkart on Thursday said the company is in compliance with Indian laws, including FDI regulations, and will cooperate with the Enforcement Directorate on the notice sent to the e-commerce major. The Enforcement Directorate has issued a show cause notice of Rs 10,600 crore to Flipkart and its promoters for alleged violation of the foreign exchange law, official sources said …

Escrows and Specific Capital Account Regulations – A Brief Study

Every country that seeks Foreign Investment in a global and competitive market has to ensure that, its laws/ regulations are in sync with the ground realities and expectations of the global and domestic business community, while keeping in mind the national interest. Escrow For ODI Transactions : The extant Foreign Exchange Management Regulations, 2004 read with Master Direction – Direct …

As e-commerce regulations are tightened, the fight between foreign companies Amazon, Flipkart, and Indian companies Reliance, Tata Group is set to intensify. 100% FDI is allowed in marketplace but regulations are evolving - 2018 rules pushed Amazon to reduce stake in a key seller. However, in 2021, there have been amendments to those rules, still at a draft stage and …

Regulations

Here is a sentence, which sounds innocuous and laced with bureaucratese at first glance, that may well be read and re-read several times and subjected to rigorous legal interpretation in the coming weeks. This sentence is from Clause of Section 5.2.15.4 titled “Multi-brand Retail Trading” of India’s “Consolidated FDI Policy”, an umbrella rulebook that contains micro-details of foreign investment regulations …

Under changes to India's foreign direct investment regulations with effect from April 22, 2020, an investment by entities of a country which shares a land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country; and any transfer of ownership of any existing or future foreign …