Amazon Penalty
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Amazon Could Benefit From Legal Loophole Which Italy's AGCM Is Trying to Work On
Italy's competition watchdog AGCM is trying to close a legal loophole that has allowed several companies to evade antitrust fines and may help Amazon in an ongoing appeal, a legal expert and two sources told Reuters. The law has been used by the Council of State, Italy's top administrative court, over the last three years to scrap several antitrust...
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Amazon Pay India Faces Penalty of Over Rs. 3.06 Crore by RBI for Non-Compliance
The Reserve Bank of India on Friday said it has imposed a penalty of over Rs. 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction. "It was observed that the entity was non-compliant with the directions issued by RBI on KYC re...
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Amazon Pay Fined Rs 3.06 Crore For Non-Compliance With Norms
The Reserve Bank of India todaysaid it has imposed a penalty of over Rs 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction.
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Draft Digital Personal Data Protection Bill Lets Easy Cross-Border Data Transfer, to Act as Relief for Big Tech
The government on Friday proposed a new data privacy law that allows the transfer and storage of personal data in some countries while raising the penalty for violations. The draft Digital Personal Data Protection (DPDP) Bill 2022 will be a great relief for Google, Amazon, Facebook and other global firms as it replaces an earlier version that had a...
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Amazon Seller Cloudtail India Fined Rs. 1 Lakh by CCPA for Selling Cookers in Violation of BIS Standards
The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs. 1 lakh on Cloudtail India for selling pressure cookers on Amazon in violation of mandatory BIS standards. The authority has asked Cloudtail to recall 1,033 pressure cookers and also reimburse the money to customers.
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Consumer Protection Body Asks Cloudtail India To Recall 1,033 Pressure Cookers, Pay Fine
The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 1 lakh on Cloudtail India for selling pressure cookers on Amazon in violation of mandatory BIS standards.
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Amazon Moves High Court Over Rs 1 Lakh Penalty In Pressure Cookers Case
Amazon today approached the Delhi High Court challenging an order of the Central Consumer Protection Authority or CCPA imposing a penalty of Rs 1 lakh for selling domestic pressure cookers that did not meet quality standards.
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CCPA Fines Amazon Rs. 1 Lakh Over Sale of Substandard Pressure Cookers: All Details
Amazon has been fined Rs. 1 lakh by the Central Consumer Protection Authority (CCPA) for the sale of 2,265 pressure cookers that failed to meet quality standards, according to the Department of Consumer Affairs. The CCPA had issued notices to major e-commerce platforms, including Amazon, Flipkart, Paytm Mall, ShopClues and Snapdeal as well as th...
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Amazon To Pay Rs 1 Lakh Fine For Selling Sub-Standard Pressure Cookers
The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 1 lakh on e-commerce major Amazon for selling pressure cookers which did not meet quality norms.
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Amazon's Appeal Against Future Group Deal Antitrust Suspension Dismissed by India Tribunal
Amazon’s plea against antitrust suspension of its 2019’s $200 million investment deal with Future Group was dismissed by an Indian Appeals Tribunal. The tribunal held Amazon accountable "for its failure to provide relevant information on the combination".
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Amazon's Petition Against Future Rejected; ₹ 200 Crore Penalty Imposed
The National Company Law Tribunal (NCLT) rejects Amazon's plea challenging the decision of fair trade regulator, Competition Commission of India (CCI) to suspend the approval for the e-commerce major's deal with Future Coupons.
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French Authorities Slap 90,000-Euro-Per-Day Fine On Amazon Over Contracts
French authorities on Wednesday slapped a 90,000-euro-per-day ($98,000) fine on Amazon until it removes abusive clauses in its contracts with businesses using its platform to sell their goods.
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Future Group Stocks Surge 20% After 2019 Amazon Deal Is Suspended: 10 Points
Shares of India's Future Group companies surged as much as 20 per cent on Monday after the fair trade regulator Competition Commission of India (CCI) has suspended Amazon's 2019 deal with the group. The antitrust agency has also imposed a Rs 202 crore penalty on the e-commerce major for certain contraventions.
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Amazon Fined 200 Crores, Deal To Buy Retailer Future Suspended: 10 Points
The Competition Commission of India (CCI) on Friday suspended its more than two-year-old approval for Amazon's deal to acquire stake in retailer Future Coupons Private Limited. The CCI also imposed a Rs 202 crore penalty on the e-commerce major for hiding facts and making false statements while seeking regulatory approvals in 2019. In a 57-page ord...
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Amazon-Future Deal Revoked, Rs 202 Crore Penalty Imposed On Amazon
The Competition Commission of India suspended its approval for Amazon's deal with Future Coupons and also imposed a penalty totalling Rs 202 crore on the e-commerce giant
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Amazon Could Benefit From Legal Loophole Which Italy's AGCM Is Trying to Work On
Italy's competition watchdog AGCM is trying to close a legal loophole that has allowed several companies to evade antitrust fines and may help Amazon in an ongoing appeal, a legal expert and two sources told Reuters. The law has been used by the Council of State, Italy's top administrative court, over the last three years to scrap several antitrust...
-
Amazon Pay India Faces Penalty of Over Rs. 3.06 Crore by RBI for Non-Compliance
The Reserve Bank of India on Friday said it has imposed a penalty of over Rs. 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction. "It was observed that the entity was non-compliant with the directions issued by RBI on KYC re...
-
Amazon Pay Fined Rs 3.06 Crore For Non-Compliance With Norms
The Reserve Bank of India todaysaid it has imposed a penalty of over Rs 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction.
-
Draft Digital Personal Data Protection Bill Lets Easy Cross-Border Data Transfer, to Act as Relief for Big Tech
The government on Friday proposed a new data privacy law that allows the transfer and storage of personal data in some countries while raising the penalty for violations. The draft Digital Personal Data Protection (DPDP) Bill 2022 will be a great relief for Google, Amazon, Facebook and other global firms as it replaces an earlier version that had a...
-
Amazon Seller Cloudtail India Fined Rs. 1 Lakh by CCPA for Selling Cookers in Violation of BIS Standards
The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs. 1 lakh on Cloudtail India for selling pressure cookers on Amazon in violation of mandatory BIS standards. The authority has asked Cloudtail to recall 1,033 pressure cookers and also reimburse the money to customers.
-
Consumer Protection Body Asks Cloudtail India To Recall 1,033 Pressure Cookers, Pay Fine
The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 1 lakh on Cloudtail India for selling pressure cookers on Amazon in violation of mandatory BIS standards.
-
Amazon Moves High Court Over Rs 1 Lakh Penalty In Pressure Cookers Case
Amazon today approached the Delhi High Court challenging an order of the Central Consumer Protection Authority or CCPA imposing a penalty of Rs 1 lakh for selling domestic pressure cookers that did not meet quality standards.
-
CCPA Fines Amazon Rs. 1 Lakh Over Sale of Substandard Pressure Cookers: All Details
Amazon has been fined Rs. 1 lakh by the Central Consumer Protection Authority (CCPA) for the sale of 2,265 pressure cookers that failed to meet quality standards, according to the Department of Consumer Affairs. The CCPA had issued notices to major e-commerce platforms, including Amazon, Flipkart, Paytm Mall, ShopClues and Snapdeal as well as th...
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Amazon To Pay Rs 1 Lakh Fine For Selling Sub-Standard Pressure Cookers
The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 1 lakh on e-commerce major Amazon for selling pressure cookers which did not meet quality norms.
-
Amazon's Appeal Against Future Group Deal Antitrust Suspension Dismissed by India Tribunal
Amazon’s plea against antitrust suspension of its 2019’s $200 million investment deal with Future Group was dismissed by an Indian Appeals Tribunal. The tribunal held Amazon accountable "for its failure to provide relevant information on the combination".
-
Amazon's Petition Against Future Rejected; ₹ 200 Crore Penalty Imposed
The National Company Law Tribunal (NCLT) rejects Amazon's plea challenging the decision of fair trade regulator, Competition Commission of India (CCI) to suspend the approval for the e-commerce major's deal with Future Coupons.
-
French Authorities Slap 90,000-Euro-Per-Day Fine On Amazon Over Contracts
French authorities on Wednesday slapped a 90,000-euro-per-day ($98,000) fine on Amazon until it removes abusive clauses in its contracts with businesses using its platform to sell their goods.
-
Future Group Stocks Surge 20% After 2019 Amazon Deal Is Suspended: 10 Points
Shares of India's Future Group companies surged as much as 20 per cent on Monday after the fair trade regulator Competition Commission of India (CCI) has suspended Amazon's 2019 deal with the group. The antitrust agency has also imposed a Rs 202 crore penalty on the e-commerce major for certain contraventions.
-
Amazon Fined 200 Crores, Deal To Buy Retailer Future Suspended: 10 Points
The Competition Commission of India (CCI) on Friday suspended its more than two-year-old approval for Amazon's deal to acquire stake in retailer Future Coupons Private Limited. The CCI also imposed a Rs 202 crore penalty on the e-commerce major for hiding facts and making false statements while seeking regulatory approvals in 2019. In a 57-page ord...
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Amazon-Future Deal Revoked, Rs 202 Crore Penalty Imposed On Amazon
The Competition Commission of India suspended its approval for Amazon's deal with Future Coupons and also imposed a penalty totalling Rs 202 crore on the e-commerce giant
