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  • Transparent guidelines must regulate the MLM business in India

    Multi-level Marketing (NETWORK MARKETING) company Amway, which distributes its items through contacts with ordinary people, instead of through stores and superstores, is under the government’s scanner. The issue is whether the American giant, and numerous other companies like it, serve as a Ponzi scheme, each distributor getting rewards including more representatives to the network

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  • Nmart’s website down from Past One week

    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. (more…)

  • New Winners Express – MLM Magazine

    New Delhi: We have always felt a need for reliable and a helpful source in MLM. Keeping this in mind recently an MLM magazine was launched, the name is  “New Winners Express – MLM Magazine“.  It is a Hindi monthly magazine.  It covers many aspects of network marketing in India. It also updates with latest MLM news (source – www.MLMNewsBlog.com) and informative articles on MLM.

      

    Click to download previous issues-

    1. http://goo.gl/zT6es
    2. http://goo.gl/16Cy6
    3. http://goo.gl/HNCof (more…)

  • 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. (more…)

  • 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 accounts and other records of these 87 business, Minister of State for Corporate Affairs R P N Singh informed the Rajya Sabha today.

    In reply to a query whether the Ministry has actually asked RoC to probe the accounts of chit fund companies and particular Multi – Level Marketing (NETWORK MARKETING) firms, the minister responded in affirmative.

    Singh stated the directions have been provided on the basis of certain complaints obtained by the ministry against these companies, which are “alleged to be carrying on the tasks associated with reward chit fund and cash circulation in the garb of multi-level marketing”.

    The minister was asked whether complaints have actually been obtained from investors about being ripped off through MLM money circulation schemes.

    Singh further said that SFIO (Serious Fraud Investigation Office) has actually recommended setting up of a particular central regulatory agency for the execution of the Prize Chit and Money Circulation Scheme (Banning) Act, 1978.

    The Act is administered by the Division of Financial Services (DFS), which has actually made up an Inter-Ministerial Group consisting of representatives from DFS, Ministry of Corporate Affairs (MCA), the Reserve Bank, Securities and Exchange Board of India (Sebi), Division of Consumer Affairs and Central Economic Intelligence Bureau.

    The Group will certainly draft model rules on MLM business and on the prohibited schemes under this Act, and additionally frame clarificatory rules on the best ways to distinguish between direct sales from disguised money circulation schemes.

    To an additional question on whether the investigations were being described SFIO, instead of being performed by RoCs, Singh said that multi-dimensional economic irregularities and frauds of complex nature are generally assigned to SFIO.

    He said that SFIO is a “multi-disciplinary investigative agency including professionals from banking sector, capital market, company law, general law, forensic, analysis, taxation, info modern technology etc.” The minister further said that numerous segments of the Companies Act empowers the central government to designate inspectors for investigation of affairs of a business, but no extra-judicial power is bestowed upon the SFIO.

    He said that RoC has powers to require needed info or explanation from any sort of company, based on the documents submitted to its office by the business, and submit a report to the central government.

    On the basis of RoC report, the government can easily order investigations into the affairs of the business.

    In reply to one more question on whether applications under RTI (Right to Details) Act are piling up in the different offices of the Corporate Affairs Ministry, Singh said that all RTI applications are taken care of on a top priority basis.

    Chit Fund

  • 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 that there is no proposal to set up a central institution to enforce the provisions of the Act. (more…)

  • 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 the past.

    Richard Holwill, international vice-president-public policy, Amway, in an interview lays bare exactly what it takes to tread cautiously.

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  • 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 interests of the real companies and workers working in the market, states PTI.

    The laborers under the aegis of the All India Trade Union Congress (AITUC) marched from Barakhamba to Jantar Mantar where they sat on a dharna.

    Dealing with the protesters, senior CPI leader Gurudas Dasgupta stated, “There are more than 20 lakh staff members working in the multi-level advertising industry and their number is bound to expand due to market competitors.”

    “Nonetheless, the current working conditions that are supplied to them by MNCs are very unsatisfactory. Income of multi-level advertising officials is incredibly questionable, where they have no security or social security.

    “We will battle to get advantages like provident fund, maternity advantage for the marketing people by the business,” he added.

    AITUC National Secretary Amarjeet Kaur alleged the high – power seven member inter-ministerial committee established by the Ministry of Customer Affairs with nominees from numerous ministries and the RBI does not have any type of staff member representation.

    “This lacuna will genuinely impact the quality of the fact finding report which will recommend and finally be submitted to the government by 31st August. Therefore, we do hope that the government will take proper actions to speak to all stakeholders,” she stated.

    MLM Employees

  • 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, threw her a hateful look and ran out. The next day at school one of my classmates said, ‘EEEE, your mom only has one eye!’ (more…)