CCI Releases ‘Market Study on E-commerce in India: Key Findings and Observations’

4,163 ViewsMinistry of Corporate Affairs The Competition Commission of India (CCI) released a Report titled ‘Market Study on E-commerce in India: Key Findings and Observations’ today, available at: https://www.cci.gov.in/sites/default/files/whats_newdocument/Market-study-on-e-Commerce-in-India.pdf. The Market Study on E-commerce in India (‘the study’) was initiated by the CCI in April 2019 with a view to better understand the functioning of e-commerce […]

Sanctioned for prosecution given to 366 cases in violation of CSR norms

179 ViewsMinistry of Corporate Affairs Whenever any violation of Corporate Social Responsibility (CSR) provisions is reported, action against such non-compliant Companies are initiated as per provisions of Companies Act, 2013 after due examination of records. So far, sanction for prosecution has been accorded in 366 cases. All CSR related offences are compoundable. So far 118 […]

Regulation of E-Commerce Companies

6,103 ViewsMinistry of Commerce & Industry There is no distinction between the taxation regimes of Indian and foreign e-commerce companies as such, however the taxation regimes applicable to domestic companies and foreign companies differ. The income of domestic companies is taxed at the rate of 30% plus surcharge and cess however the Finance (No.2) Act, […]

MCA deactivates 19,40,313 Director Identification Numbers

184 ViewsMinistry of Corporate Affairs The Ministry of Corporate Affairs (MCA) deactivated 19,40,313 Director Identification Numbers (DINs) in the MCA21 Database due to non-filing of Know Your Client  (KYC), as on 28.11.2019. This was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs, in a written reply to a question […]