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 In India Must Have strong Laws To Regulate Direct Selling : Amway
India’s biggest direct selling business, Amway, is lobbying hard to ensure there are rigorous regulations and law laid down for the industry. With multi-level marketing operations such as SpeakAsia, GoldQuest and the most recent Emu farming scheme coming unstuck, the need to tighten the noose around this business is being felt more than ever in […]
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 […]
My mom only had one eye
My mom only had one eye. I hated her… She was such an embarrassment. She cooked for students and teachers to support the family. There was this one day during elementary school where my mom came to say hello to me. I was so embarrassed. How could she do this to me? I ignored her, […]
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 […]
IBOtoolbox – A Free Business Marketing Platform For Independent Business Owners
IBOtoolbox IBOtoolbox – A Free Business Advertising Platform For Independent Business Owners IBOtoolbox is a free of charge business advertising platform and is the greatest spot for independent entrepreneur to network, interact socially and promote their businesses. On this lens you will uncover the advantages you will certainly get by merely being a part of […]
RCM Debacle: Who is to be blamed ?
Rcm New Delhi: We have seen that government agencies become active and takes action on MLM companies only when things goes out of their hand. The question is, why do they give approval at the very start. At the end, when such MLM companies are shut down, the total loss is of networkers who are involved. RCM […]
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 […]