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.
Source: E-Commerce Laws In India.
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