(ET)
Commerce and industry minister Piyush Goyal has asked officials to work with the Reserve Bank of India (RBI) to fast-track the implementation of a clause in Press Note 2 that directs e-commerce companies to submit statutory audits to the central bank annually.
In a meeting on Monday, Goyal sought the clarification during an interaction with the top e-commerce and online companies including Amazon, Walmart-owned Flipkart, Snapdeal, Shopclues, Swiggy, Zomato, UrbanClap, Udaan, , MakeMyTrip and Yatra. Press Note 2, introduced in December, asks e-commerce entities to furnish a certificate, along with the report of a statutory auditor, to the RBI confirming their compliance with the Note by September 30 each year.
