Online retail giants like ASOS.com UK , Rakuten.com, Japan  and Overstock.com, USA may have to register in India if the Government decides on a literal interpretation of the Companies Act of 2013. Companies outsourcing work to Indian back offices, information technology (IT) companies, and analytics hot shops may also have to follow suit.

Simply put, an e-commerce portal based out of the US selling goods internationally, or a consultant based in Dubai providing services to clients in India may have to register in India. So foreign companies with some ambiguity in registering  may not want to trade in India say industry experts. The new stipulations could potentially have an impact on thousands of firms.

A literal reading of the law could even make it applicable to companies outsourcing work (and piping data) to Indian IT and back-office firms aver experts.

Be a part of Elets Collaborative Initiatives. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook , connect with us on LinkedIn and follow us on Twitter, Instagram.

"Exciting news! Elets technomedia is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!