E-commerce is the latest
entrepreneur bandwagon in India.
Thousands of e-commerce portals have emerged during the year 2012. However, in
the zest of earning profit, legal and compliance requirements pertaining to
e-commerce have been totally ignored by almost all the e-commerce portals.
The most vulnerable categories
that have opened their online shops pertain to online pharmacies, online
gambling and gaming, electronics, etc. These e-commerce portals are
not at all complying with the respective laws of these segments.
Even the Indian government is lax
in implementing the regulatory and compliance requirements against these illegal
online pharmacies, gambling portals and other similar e-commerce
platforms.
This has posed serious threat to
not only lives of millions but also to the socio-economic and law and order
situation n India.
Regulatory bodies covering these fields must be more vigil while keeping a tab
upon illegal and unethical activities of those e-commerce portals that are
flouting the laws of India.
There are many techno legal
compliance requirements that e-commerce portals of India
must comply with. At Perry4Law and Perry4Law’s Techno Legal Base (PTLB) we believe
that cyber
law due diligence, Internet
intermediary liability and cyber
due diligence for Indian companies must be kept in mind by various
e-commerce websites and players.
Presently, cyber law compliances,
due diligence and techno legal compliances are not followed by various
e-commerce websites in India.
There is an urgent need to scrutinise these e-commerce portals and prosecute
the guilty for violations of Indian laws.
It would amount to adoption of
double standards by Indian government if it plays harsh upon foreign companies
but leaves Indian companies and e-commerce portals untouched. Let us hope
Indian government would do the needful in this regard as soon as possible.
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