Thursday, 4 August 2016

Business Phone is mandatory for online companies


E-commerce “electronic commerce” or “empowering commerce” or “efficient commerce”-
This expansion of eCommerce clears indicates, e-commerce has evolved in India. According to a recent study paper by ASSOCHAM-Forrester India's e-Commerce revenue is expected to rise from $30 billion in 2016 to $120 billion in 2020, an annual growth rate of 51%, one of the highest in the world.
Even the Government of India has played an active role in making eCommerce a success - Digital India, Startup India, Make in India, initiatives targeted at making India a digital economy.
The flip side of this “eCommerce Saga” is the vulnerability of customers to fraudulent activities by companies due to the low entry barrier tending to compromise on quality customer service.
To make the customer grievance rules more rigid. Govt. of India, the Corporate Affairs Ministry has set new rules for all online business companies under the Companies Act, 2013. All online business companies now have to publish the following information on their website
Corporate Affairs ministry has also amended the Companies Act 2013, which would be applicable to an unlimited liability company, the conversion from unlimited liability to limited liability has been made stricter.
  • After conversion, name of the company should not be changed for one year
  • Dividends cannot be paid unless past debt and liabilities have been cleared. 

The above amendment would be mainly applicable to sole proprietorship firm. Since many new companies prefer setting up a Limited Liability Company, it will not affect the start-up ecosystem.
I believe these amendments would help  make online business (eCommerce) more robust in India.
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About Ozonetel- Ozonetel systems (ozonetel.com) is India’s only full stack cloud communication solution provider. We also provide a professional business phone number to new businesses. Get a phone number.

Ozonetel is  Deloitte fast 50 technology company, we cater to the communication needs of over 1000 enterprise customers in India - HDFC Life, RCom, WIPRO, GE, Shaadi, Agarwal packers, United spirits, BNP Paribas, DHFL PR America, just to name a few.

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