https://www.taxtmi.com/news?id=23733 Regulation of e commerce involves multiple statutes with the Competition Act (including Section 3 and Section 4) applicable to platforms, and FDI in e commerce governed by Press Note 2(2018) read with SI No.15.2 of the FEMA (Non Debt Instruments) Rules, 2019. Representations by traders alleging FDI/FEMA non compliance were forwarded to the Enforcement Directorate which has taken up investigation; alleged biased bank cash back and discount practices on certain e commerce sites are being examined by the Competition Commission of India. No RBI or ED investigation has been initiated concerning alleged FDI/FEMA violations in the Flipkart-Aditya Birla deal. en-us Fri, 12 Feb 2021 13:06:12 +0530 Fri, 12 Feb 2021 13:06:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23733 Regulation of e commerce involves multiple statutes with the Competition Act (including Section 3 and Section 4) applicable to platforms, and FDI in e commerce governed by Press Note 2(2018) read with SI No.15.2 of the FEMA (Non Debt Instruments) Rules, 2019. Representations by traders alleging FDI/FEMA non compliance were forwarded to the Enforcement Directorate which has taken up investigation; alleged biased bank cash back and discount practices on certain e commerce sites are being examined by the Competition Commission of India. No RBI or ED investigation has been initiated concerning alleged FDI/FEMA violations in the Flipkart-Aditya Birla deal. News - Fri, 12 Feb 2021 13:06:12 +0530 https://www.taxtmi.com/news?id=23733