June 8 was an important date for many entrepreneurs because that was the day when the Department of Financial Services issued the new notification with the comments from stakeholders about the decriminalization of several laws and provisions as a result of which many people became interested in it, especially the ones working in the legal […]
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 […]
Indian Direct selling sector anticipates higher growth
#IDSA #PHDCCI #DirectSelling #MLMNews The Indian Direct Selling Association (IDSA) on Thursday stated the direct selling industry is again moving forward this year as compared with an adverse growth in 2013-14. The IDSA in association with PHD Chamber of Commerce (PHDCCI) released the yearly survey record for 2013-14 on the direct selling sector, according 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, […]
The Indian Direct Selling Association – IDSA
The Indian Direct Selling Association (IDSA), a body that governs 18 of the largest direct selling companies in India. Right now there is no law on mlm in India. Due to the absence of proper law to understand MLM, lot of direct sales companies are facing problems. IDSA wanted the government to enact a law […]
Modicare, Amway, DXN and K-Link are cutting down their operations in Kerala
Companies such as Modicare, Amway, DXN and K-Link have finally decided to decrease their presence at Kerala. One the biggest reason for doing so is due to authorities continuous harassment faced by their distributors and company officials. A lot has changed after the arrest of Amway India Chairman and CEO William Pinckney. Authorities of the IDSA, which represents all the […]
IDSA Demands for direct selling law; Global MLM CEOs to visit India
In order to promote a separate legislation for the direct selling market in India, top global executives of such mlm companies would be visiting India later on this year. “The CEO council of World Federation of Direct Selling Associations (WFDSA) would be involving India for the first time. “This is to go over road map […]