Infini Juridique has been providing legal help and support, for over 7-8 years, to its clients operating and managing e-commerce industry. It has helped several start-ups in the Industry in understanding their business model, drafting agreements, seeking approvals, preparing the website usage agreements, privacy agreements, data protection and data usage agreements, end user agreements, copyright license agreements, and other related agreements.
- We will help you prepare the legal structure;
- We will help you in protecting your IPR;
- We will help you in drafting your E-Commerce Agreements
- We will help you in seeking approvals;
- We will help you in Commercial Agreements;
- We will help you in your disputes:
India is a billion dollar market for E-Commerce industry. The Indian B2C e-commerce market was valued at USD 38.5 billion in 2017 and is estimated to rise to USD200 billion in 2026, while B2B e commerce was estimated to be around USD 300 billion. In the last 5 years itself the e-commerce market has witnessed a phenomenal boom.
Primarily the industry was regulated under the Information Technology Act. While Foreign investment in E-Commerce industry has been regulated under the FDI Policies issued by the Government of India from time to time. The FDI Policy on e-commerce, first pronounced through Press Note 2 of 2000, permitted 100% FDI in B2B e-commerce activities. With a view to clarify already existing policy framework, after extensive stakeholder consultations, Press Note 3 was issued by DPIIT in 2016. B2C e-commerce, that is multi-brand retail through inventory based model, has all along remained prohibited for FDI. Through the Press Note 2 (2018) issued on 26 December, 2018 Government has only reiterated the policy provisions to ensure better implementation of the Policy in letter and spirit, without making any change in the underlying principle.
Today, it touches on every aspect of human life for its ease of usage. Today the E-commerce industry covers the FMCG industry Travel and Tourism Industry, Housing Industry, Consumer Goods industry, Service Industry, food industry. However, with gradual popularity or the e-commerce platform and with the rise of consumer awareness as well as data protection, it was felt that the e-commerce industry must be regulated under a separate legal framework.
Since electronic commerce is driven by technology and data, private companies develop new business models to benefit from the evolving technology and volumes of data generated. Justice Sri Krishna Committee was constituted to make recommendations related to data protection framework and protection of privacy in the digital environment. The Personal Data Protection Bill is now under consideration. These developments will provide/ enable the Policy and legal framework in respect of some crucial aspects of e-commerce.
A draft National e-Commerce policy has been prepared. This policy addresses six broad areas of the e-commerce ecosystem viz. data, infrastructure development, e-commerce marketplaces, regulatory issues, stimulating domestic digital economy and export promotion through e-commerce. The Policy takes into account interests of all stakeholders, like investors, manufacturers, MSMEs, traders, retailers, start-ups and consumers.
…For our E-Commerce business, we have faith in Infini Juridique. Their attorneys will never go wrong.