TaxTMI 
TaxTMI 
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fourth Amendment) Regulations, 2017
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...., 2017 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fourth Amendment) Regulations, 2017 G.S.R. 224 (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 following amendments in the Foreign Exch....
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.... 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 & electronic network. b. '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 the Companie....
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....in Schedule 1, in the existing Annex B, the existing entry 16.2 shall be substituted by the following: 16.2 E-Commerce % of equity/FDI Cap Entry route 16.2.1 B2B E-commerce activities 100 % Automatic Such companies would engage only in Business to Business (B2B) e-commerce and not in retail trading, inter alia implying that existing restrictions on FDI in domes....
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.... an ownership over the inventory will render the business into inventory based model. e) An e-commerce entity will not permit more than 25% of the sales value on 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 th....