New Delhi: A total of 87 MLM companies have come under the government scanner for presumably running illegal multi-level marketing (MLM) investment schemes and seven of them are being probed for potentially serious fraudulences.
The government has actually done examination of accounts of 80 business for any sort of violation of company regulations, Corporate Affairs Minister Scahin Pilot informed Lok Sabha in a written reply.
Most of these business are found in West Bengal and Tamil Nadu and one business registered outside the country doing business online in association with some Indian business, he stated.
Pilot further said that Ministry has actually bought Serious Scams Examination Workplace (SFIO) to probe into the affairs of seven companies.
Besides, SFIO has also been ordered examination of balance – slabs of the remaining 80 business to determine whether the firms have actually breached the arrangements of the Companies Act.
Raising of funds with money circulation plan is an offence under the Prize Chits and Money Circulation Schemes (Banning) Act 1978. The Act is administered by the Department of Financial Services with the state governments.
Just recently, Finance Ministry in specialist with RBI have actually distributed model guidelines to be informed by the states.
In order to secure the interest of small capitalists, different awareness programs are being performed regularly by the ministry in coordination with the trade and sector association and expert institute such as Institute of Chartered Accountants of India (ICAI), Institute of Price Accountants of India.
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Each link will redirect you to a company review that I wrote about the company. I am not affiliated with any of these companies, but I have spent several hours researching each MLM energy company to learn about their products and services.
Many people can benefit from the de-regulation of the utility industry. This allows customers to compare energy prices, shop around and potentially save money. Remember, competition is a good thing. With increased competition, prices come down and the consumer benefits. MLM energy companies are good for consumers. If nothing else, they keep the larger utility companies honest and competitive.
If the energy industry is de-regulated in your state, you should shop around to find out what your options are. You might be pleasantly surprised to find out that you can save money by becoming a customer or distributor with one of the MLM energy companies, such as Ambit, ACN or Ignite.
Whether you decide to pursue the business opportunity or not, you could still potentially save money on your utility bill. And if you to become a distributor with one of the MLM energy companies, you can earn additional income, or replace your full-time income.
There is no link at all in your post regarding 87 companies. I don’t know which link you are talking about.
Hi Smith! Could you please do us a favor? Please post a detailed list mentioning website address and company name. I will be thankful to you.
plz give 87 companies name
Request give the names of 87 companies name as soon as possible.
thanks
if Possible Plz Give the 87 companies name.
We need the 87 companies list.
could you list above 87 companies.
Are you aware about such Companies? Then, please mention.
please publish the name of companies..
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