After the arrest of Nmart’s MD GOPAL SHEKHAVATH. The website of Nmart has been closed for over a week. Company management has not given any clarification on the matter. Nmart’s whole business runs on offline mode but royalty bonus information is available only on the company website . So people are worried about that.
Qnet banned in Saudi Arabia
Saudi Arabia recently banned Qnet and has also issued warning to the people involved with Qnet ponzi scheme. The warning also includes a strict punishment to the people involved in the suspicious company venture. Saudi Arabia, Ministry of Commerce & Sector stated ” This network marketing task involves deception of residents and has been banned in a number […]
N mart CMD Arrested : FIR in Hyderabad, Arrested in Gujarat, Bail at Maharashtra
N Mart CMD Arrested Hyderabad: Andhra Pradesh police arrested Gopal Shekhawat on the basis of complaints of fraud against the nation’s leading retail Chain owner of N-Mart on Tuesday morning around 11.30 in Bollywood style. Gopal Singh Shekhawat was with his wife at the time of arrest.
Government investigating 87 chit-funds MLM companies: MCA
Chit Fund As many as 87 companies have come under the scanner for irregularities related to chit fund schemes and cash circulation in the garb of multi-level marketing, the government stated today. The Registrar of Companies (RoC) and its Regional Directors have actually been asked to scrutinise the balance sheets and inspect the books of […]
Ministry of Corporate Affairs: No proposal to set up a central institution
A question was asked in Raja Sabha about the central institution to enforce the provisions of the Act “The Prize Chits and Money Circulation Schemes (Banning) Act, 1978” all over India under central government. To this Minister of State for Corporate Affairs Shri R.P.N. Singh in reply to a written question in the Rajya Sabha on 13-August, 2012 said […]
MLM employees demand enactment of Central legislation in India
MLM Employees While there is no guarantee of a NETWORK MARKETING business’s survival, the AITUC desire these companies to offer PF, gratuity and other advantages to their workers New Delhi: Many staff members of multi-level advertising firms organized a protest in the capital requiring enactment of a Central law which would determine and guard the […]
Inter Ministerial Committee to Consider the Issues Relating to Direct Selling and Multi- Level Marketing in India
Press Information Bureau Government of India Ministry of Consumer Affairs, Food & Public Distribution 24-July-2012 13:23 IST Inter Ministerial Committee to Consider the Issues Relating to Direct Selling and Multi- Level Marketing. Department of Consumer Affairs, Government of India has constituted Inter-Ministerial Committee to consider the issues relating to the companies engaged in Direct Selling/Network/Multilevel […]
MonaVie to establish manufacturing facility in Chennai, India
MonaVie Nourishment food and beverage firm MonaVie organizes to set up a production facility as a result of a joint endeavor with a financial investment of INR1bn ($ 18.12 m) in Chennai, India. The company manufactures and distributes fruit items made from mixed fruit and vegetable juice concentrates, powders, purees and weight-loss options as a […]
Moneylife: SpeakAsia and AdMatrix MLM Nexus
Speakasia Latest News 2012 Senior officials from investigation agencies have been stating that there are sets of people who move from one location to another floating a brand-new MLM or Ponzi system. SpeakAsia, the now defunct online survey business, which is embroiled in a multi-crore scam and AdMatrix, one more multi-level marketing (MLM) operator not only share […]
Speak Asia News: Bombay High Court decision on July 10, 2012
Speak Asia News Good news for Speak Asia Panelist. Speak Asia, the Bombay High Court against the decision of the case has the date July 10, 2012. there is a snap shot that was clearly shows that the case at the police station in Mumbai Speak Asia under Section 420, 406 and 120-B will on […]
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