Registration with the government authorities will offer a proper means of tracking such fraudsters. All Websites operating as sells agents without registration should be closed down with immediate effect so as to safeguard the welfare of the members of the public. The law will ensure that only registered firms and organization that can be held liable in cases of fraud are allowed to operate in e-commerce (Manzoor, 2010).
The proposed law is set to offer a good environment for the online business organization by ensuring fair and healthy competition. This will enable the businesses to make good profit reducing the risks of having their operations terminated by the authorities (Dholakia, et. al, 2002).
The proposed legislation will hinder small scale businesses who cannot meet the terms of registration from taking part in online business (Khosrow-Pour, 2004). Businesses that desire to sell their products online under short-term notice cannot do so as they have to comply with the registration requirements.
The legislation will prevent online shoppers from obtaining products at low prices from unregistered online suppliers. Consumers who do not want to engage in official sales terms are likely to lose after the enactment of this proposed law.
Unintended consequence likely to emerge from the proposed law is reduction in the number of organizations that take part in e-commerce and this is likely to have negative impact on the economy. Companies that fail to register with the authorities will have to find other means of selling their products besides online business (Plant,