If the directors are common between two separate entities, one being a seller and the other an e-commerce marketplace, how does the FDI rule get applied? And how do WS Retail, Cloudtail, Apario retail get implemented?
there was action on players as there were malpractices & govt did warn the players. There is no provision on common directorship, provisions are in general, if control changes due to directors, it's a contravention. If you are specifically asking for eCommerce Entities, law is very clear, only marketplace based model is allowed, inventory based not allowed. So only platform can be built & certain services can be allowed, ownership control of inventory, not permissible.
Outstanding
If the directors are common between two separate entities, one being a seller and the other an e-commerce marketplace, how does the FDI rule get applied? And how do WS Retail, Cloudtail, Apario retail get implemented?
there was action on players as there were malpractices & govt did warn the players. There is no provision on common directorship, provisions are in general, if control changes due to directors, it's a contravention. If you are specifically asking for eCommerce Entities, law is very clear, only marketplace based model is allowed, inventory based not allowed. So only platform can be built & certain services can be allowed, ownership control of inventory, not permissible.
Sir products like Alexa and some other things like Amazon tv etcc
Are Amazon products how are the selling??
that is the reason enquiry on them was initiated, mostly now they have transferred there rights in those products
Indian entity running ecommerce company on inventory base model.. can they raise fund through foreign citizen individual person??
Yes through FPI route BUT not through FDI