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India’s Consumer Protection Rules: What Foreign E-Commerce Entities Need to be Cognizant Of

The recent difference of opinions between the Government and Twitter brings to fore the increasing scrutiny that foreign digital/e-commerce players are facing from multiple regulatory check-points in India, a trend which is mirroring the global current in that direction. Significant compliance parameters for entities in digital space is consumer protection laws.  Recently, the Government of India (GOI) has been aggressively enforcing consumer protection laws against e-commerce players. 148 notices been issued to them in the last three months for disclosing ‘country of origin’ on the websites. However, an interesting point to examine is how consumer protection laws of India extend to foreign digital/ e-commerce players, especially those who otherwise have no physical presence in the country.     The Consumer Protection Act, 2019 (CPA) has been enacted with the aim of safeguarding the interests of consumers in India against unlawful business activities and unfair trade...
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India in a quagmire over Digital Taxation

On the 1st of July 2021, the OECD nations adopted a High-Level statement containing an outline of the possible solution to address the digital tax challenges arising from the digitization of the economies.  India, which is also a signatory to the statement, has been consistent in its stand to equitably tax the digital economy.    With the advent of the NDA Government in 2014, India’s pitch for accelerated digitization was evenly matched with its quest to tax the growing digital economy, primarily driven by the fact that despite being one of the largest markets, most of the technology giants did not pay income tax in India.    India’s first move:    While a consensus eluded the major nations on the appropriate manner of taxation of the digital economy, India, introduced a new concept called the Equalisation Levy (EL) in the 2016 Budget. India and Israel were among the earliest countries to unilaterally levy a digital tax on the foreign companies. India ...
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Location: 8th Floor, Mafatlal Centre, Nariman Point, Nariman Point, Mumbai, Maharashtra 400021, India
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Best ELP LAW Practice Areas in India

ELP is one of the best leading law firms in and legal outsourcing companies in India. Know and learn all types of practice areas of ELP LAW over here.   Visit @ https://elplaw.in/practice-areas/
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SEBI proposes changes in risk management framework of listed companies

Recognizing that risk management is a critical function of the board of directors of listed companies, the Securities and Exchange Board of India (SEBI) has issued a consultation paper (Consultation Paper) to relating to the applicability and role of the risk management committee (RMC) under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations).   Visit @  https://elplaw.in/wp-content/uploads/2020/11/ELP-Corporate-Update-SEBI-proposes-changes-in-risk-management-framework-of-listed-companies.pdf
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Trade Watch Weekly Bulletin (International Trade and Customs) by ELP

Economic Laws Practice's weekly bulletin Trade Watch covers key news updates on international trade and customs in India and across the world.   Visit @ https://elplaw.in/wp-content/uploads/2020/10/ELP-International-Trade-and-Customs-Update-October-24-1.pdf
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Location: India
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International Trade and Customs Practice

ELP's International Trade and Customs practice helps organizations with global guidelines overseeing their organizations. ELP has a wide ability in taking care of warning and requirement matters including exchange controls, including trade controls and financial approvals. Our group comprehends the considerable legitimate requirements around there with the key administrative organizations, for example, the Ministry of Commerce, Ministry of Finance and Ministry of External Affairs.    Visit @ https://elplaw.in/practicearea/international-trade-customs-practice/
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Location: Mumbai, Maharashtra, India
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Mandatory forensic audit disclosure to stock exchanges, reverse book building not applicable for delisting listed subsidiary & other key decisions at SEBI Board meeting

SEBI has taken certain major decisions in its meeting held on September 29, 2020, including following: In case of initiation of forensic audits, listed entities shall make the disclosures to stock exchanges, without any application of materiality; Exemption from the Reverse Book Building process for delisting of listed subsidiary, where it becomes the wholly owned subsidiary of the listed parent pursuant to a scheme of arrangement; For Mutual Funds, introduction of Code of Conduct for Fund Managers including Chief Investment Officers and Dealers of Asset Management Companies; For Alternative Investment Funds, qualification and experience criteria of the investment team, may be fulfilled individually or collectively by personnel of key investment team of the manager; Strengthening the role of Debenture Trustees so as to protect the interest of debenture holders; Change in mechanism with respect to the information to be submitted by informants under the informant mechanism of the SEBI (P...
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