New norm to hit e-commerce firms, cash-and-carry chains in India

Indian e-commerce companies and so-called cash-and-carry or wholesale chains such as Bharti Walmart Pvt. Ltd may have to restructure their operations after the industry department on Monday issued a new definition of “group companies”.
If a company is able to exercise direct or indirect voting right of at least 26% or appoint at least half the board in another company or other companies, then the companies are group companies, says the new definition.


Source: New norm to hit e-commerce firms, cash-and-carry chains in India - Livemint

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