AN ANALYSIS OF LEGAL FRAMEWORK FOR ONLINE BUSINESSES IN INDIA: COMPLIANCE AND RISK MANAGEMENT

As e-commerce and online business continue to grow in India, it is important to understand the legal framework that governs these activities. This study provides an analysis of the legal laws related to online businesses in India, including the Information Technology Act, Consumer Protection Act, GST Act, Payment and Settlement Systems Act. The study examines the key provisions of these laws and their implications for online businesses, including data protection, consumer protection, tax compliance, foreign exchange transactions, payment systems, intellectual property rights, and other legal issues. The study also discusses the challenges that online businesses face in complying with these laws and offers recommendations for effective risk management. Overall, the study highlights the need for online businesses to have a thorough understanding of the legal framework in which they operate in order to ensure compliance and manage legal risks effectively.

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Keywords: e-Commerce, Online Business, Legal Framework, Information Technology, GST Act.


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