Monday, November 19, 2012

Electronic Trading Of Medical Drugs In India

Electronic trading or online shopping of commodities is a fast, efficacious and cost effective method of business and commerce. However, e-trading is not a free ride but is subject to well defined rules and regulations world wide. This is more so regarding pharmaceutical products that require an additional precaution while dealing in an online environment.

We have no dedicated e-commerce laws and regulations in India. However, the basic outline of the same has been laid down in the information technology act 2000 (IT Act 2000). The IT Act 2000 is also the sole cyber law of India that primarily deals with contraventions and offences pertaining to e-commerce and e-trading in India.

See E-Commerce Laws And Regulations In India for more.