Committee to Consider Regulator for E-Commerce

Admin   |   24 December, 2014   |   272   |   3980

The government has set up an Inter ministerial committee for considering the requirement of separate legislation in respect of direct selling/multi level marketing. This information was given by the minister of state for consumer affairs, food and public distribution, Raosaheb Patil Danve in a written reply in Lok Sabha today.



He said that at present in the absence of any separate regulatory framework business models like direct selling/multi level marketing come under the purview of the Prize Chits & Money Circulation Schemes(Banning) Act, 1978 administered by department of financial services. As part of amendment to the Act, department of financial services had examined the feasibility of incorporating specific guidelines for these business models.