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
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.
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 […]
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 – […]
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 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, […]
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