The police has decided to enforce strictly the guidelines issued by the state government imposing strict restrictions on mlm and direct selling entities. Apart from making registration mandatory for them, the guidelines issued in 2015 September imposes a ban on money chain model activities and giving incentives for canvassing persons as direct selling agents. But […]
Government holds the bill to check the ponzi scheme
The government has put on hold the review of the ponzi scheme bill,which was suppose to bring about more clarity to distinguish between a genuine MLM company and ponzi money circulating companies. A week after the arrest of Amway India chief executive Bill Pinckney, the Indian Direct Selling Association has sought amendments to the Prize […]
IDSA seeks uniform central regulation for direct selling
#DirectSellingIndustry #IDSA #ChaviHemanth #MLMNews Today IDSA highlighted the demand for a Central Government-driven uniform structure to control the Rs. 7,500-crore market, which is now going through tough times as a result of different line of thinking in some states against the direct selling sector.
Ram Vilas Paswan favours regulator for direct selling industry
#DirectSelling #MLMLaw #MLMNews #MLM NEW DELHI: The consumer affairs ministry is keen to set up a regulator for the over Rs 7,000 crore direct marketing industry and on Thursday minister Ram Vilas Paswan added his stamp of approval to the idea. Following demand from the industry, the government has constituted an inter-ministerial group (IMG) to […]
Ministry to clear regulatory grey areas on direct selling, e-commerce
#DirectSelling#MLMNews #IDSA #MLMLaw The Consumer Affairs Ministry is working out a proposal to iron out regulatory ambiguities surrounding direct selling and e-commerce that treat them on a par with money-making deposit schemes. Committee agenda While a committee comprising representatives from the Government departments concerned will meet to deliberate over direct selling norms on December 8, […]
Present scenario of MLM in India
Network Marketing/Direct sales/Multi Level Marketing or in short MLM is a good way to build a powerful business for any ordinary person. In fact it is a sustainable business model. While it’s probably the most underrated business model in India. Though it has proven, its worth outside. There are many reasons, why it is not […]
Kerala Government Soon To Pass Bill To Regulate MLM
Soon Kerala will become the first state to pass law on MLM industry in India. The bill on MLM will be presented in the assembly in coming session. All the aspects related to the control and the operations of MLM companies in Kerala has been discussed and same to be presented in the assembly during […]
Government conducting probe against 154 companies, Sachin Pilot’s Reply to Rajya Sabha
The central government is probing grievances of financial scams against 154 companies, which also includes those connected with Saradha Group and Rose Valley Group, Parliament was informed today by Sachin Pilot. In a written reply to Rajya Sabha, Sachin Pilot said ” We received complaints against 154 companies/organizations during the last 3 years,” Pilot stated his […]
IDSA & Members Seeking Cilarity on MLM Regulations
In order to get legal sanctity and recognition from both central and state government authorities, the Indian direct sellers like Tupperware, Amway, Oriflame and their association body IDSA might quickly approach the commerce ministry in coming days. Right now direct selling sector is of Rs 7,000-crore in India with 18 companies who are promoting through direct […]
Andhra Pradesh Money Circulation Companies Collected Rs 397 cr in Last Two Years
Visakhapatnam, Andhra Pradesh money circulation business collected massive Rs 397 cr in two years span and shut down the business. People lost big chunk of their hard-earned money in these scam businesses. Lots of professional scamster who guarantee to make one rich overnight, vanish no quicker than they appear with grand ads and bring in lakhs of […]