The Indian government is considering introducing new regulations that could have a major impact on ecommerce and food-delivery companies. According to sources familiar with the matter, the proposed rules would require companies to disclose any “related party” transactions.

The proposed regulations are part of the government’s efforts to ensure transparency and accountability in the ecommerce and food-delivery sectors. The rules would require companies to disclose any transactions with related parties, such as suppliers, vendors, and other entities with which they have a business relationship.

The proposed regulations are likely to be welcomed by consumer advocacy groups, who have long called for greater transparency in the ecommerce and food-delivery sectors. The rules would also help to ensure that companies are not engaging in any unethical or illegal practices.

The proposed regulations come at a time when the ecommerce and food-delivery sectors are facing increased scrutiny from the government. In recent months, the government has launched investigations into several companies, including Flipkart, Amazon, and Zomato, for alleged violations of competition laws.

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The proposed regulations could also have a significant impact on the operations of ecommerce and food-delivery companies. Companies may be required to disclose details of their transactions with related parties, which could lead to increased costs and administrative burdens.

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The proposed regulations are still in the early stages of development and it is not yet clear when they will be implemented. However, the government is expected to issue a formal notification in the coming weeks.

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The proposed regulations are likely to be welcomed by consumer advocacy groups, who have long called for greater transparency in the ecommerce and food-delivery sectors. The rules would also help to ensure that companies are not engaging in any unethical or illegal practices.

‍
The Indian government is considering introducing new regulations that could have a major impact on ecommerce and food-delivery companies. According to sources familiar with the matter, the proposed rules would require companies to disclose any “related party” transactions.

‍
The proposed regulations are part of the government’s efforts to ensure transparency and accountability in the ecommerce and food-delivery sectors. The rules would require companies to disclose any transactions with related parties, such as suppliers, vendors, and other entities with which they have a business relationship.

‍
Consumer advocacy groups have long called for greater transparency in the ecommerce and food-delivery sectors, and the proposed regulations are likely to be welcomed by them. The rules would help to ensure that companies are not engaging in any unethical or illegal practices.

‍
The proposed regulations come at a time when the ecommerce and food-delivery sectors are facing increased scrutiny from the government. In recent months, the government has launched investigations into several companies, including Flipkart, Amazon, and Zomato, for alleged violations of competition laws.

‍
The proposed regulations could also have a significant impact on the operations of ecommerce and food-delivery companies. Companies may be required to disclose details of their transactions with related parties, which could lead to increased costs and administrative burdens.

‍
The proposed regulations are still in the early stages of development and it is not yet clear when they will be implemented. However, the government is expected to issue a formal notification in the coming weeks.

‍
The proposed regulations could have a major impact on ecommerce and food-delivery companies in India. The rules would require companies to disclose any transactions with related parties, such as suppliers, vendors, and other entities with which they have a business relationship. This could lead to increased costs and administrative burdens for companies, but would also help to ensure that they are not engaging in any unethical or illegal practices.

‍
The government is expected to issue a formal notification in the coming weeks, and it remains to be seen how the proposed regulations will be implemented. In the meantime, consumer advocacy groups have welcomed the proposed regulations, as they would help to ensure greater transparency and accountability in the ecommerce and food-delivery sectors.

Sources:
https://www.livemint.com/companies/news/india-may-issue-rules-on-related-party-transactions-for-ecommerce-food-delivery-firms-11594518454590.html