Online firms must reveal addresses

Companies conducting online business will now have to provide on their websites details about their registration with the government as well as information about person to be contacted for grievances.

The move to introduce the requirement for companies comes against the backdrop of instances where people have been duped by way of fraudulent activities, including through online platforms. Tweaking the rules, the government has also put in place stricter conditions for conversion of unlimited liability companies into a company limited by shares or guarantee. Now, “every company which has a website for conducting online business or otherwise, shall publish its name, address of its registered office, the Corporate Identity Number, etc on the home page of the website”.