Am I an intermediary? Is my liability unlimited? What are my liabilities.
Am I an intermediary? Is my liability unlimited? What are my liabilities. With rising market share of e-commerce platforms these questions are ringing bell in the corridors of Industry and Indian Legal System. These questions are being asked, debated and answered in various forums, at industry level and in Courts. The stakeholders to this technological revolution are thinking loud more about “regulation” and less about “facilitation”. Legal Provisions: Let’s examine basic legal principles regulating the e-commerce, especially the marketplace model. To start with there are two kinds of marketplace in India, one is marketplace model of e-commerce and other is inventory based model of e-commerce. Reserve Bank of India in its Master Direction dated 4-Jan-2018 issued notifications under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 defining e-commerce. E-commerce is buying and selling of goods and services including digital products