Key Highlights The history of network marketing Global industry size Need of the hour for the direct selling industry to thrive and flourish in India What is Direct Selling and Network Marketing? Before we discuss or try to understand the current situation of Network Marketing /MLM or Direct Selling Industry in India, it is important […]
Finance Ministry for Changes in Prize Chits & Money Circulation Act
The department of financial services has proposed modifying the Prize Chits and Money Circulation Schemes (Banning) Act, 1978 to make inducement to individuals for signing up with MLM pyramid, Ponzi or cumulative investment schemes an offence to plug loopholes in money churning tasks of business. The division under the finance ministry has proposed to place a […]