सरकार ने मल्टीलेवल मार्केटिंग (MLM) कंपनियों के व्यापार को अप्रत्यक्ष रूप से झटका देते हुए उत्पाद बिक्री के एवज में एजेंटों को दिए जाने वाले इंसेंटिव पर पाबंदी लगा दी है।
मल्टी लेवल मार्केटिंग कंपनियां उत्पाद की कीमत के अलावा अन्य किसी भी तरह का कमिशन या प्रोत्साहन राशि नहीं दे सकेगा । कैबिनेट ने राज्य में डायरेक्ट सेलिंग बिजनस में लगी मल्टीलेवल मार्केटिंग कंपनियों के नियमन के दिशा निर्देशों को मंजूरी दे दी है। (more…)
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…)
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.
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.
Moneylife Foundation urges the PM and others to completely ban MLM companies in India or bring these companies under the regulation of either RBI or SEBI.
From past few years we have seen MLM scams at a regular interval, the scamster comes in disguise with get rich quick schemes. Kanakdhara, GoldQuest, StockGuru India and many such companies have swindled crores of rupees out of India. It’s not only loss of people’s money but legal hassles people face after company’s exit. Things have reached to a situation where we need a body to regulate Network Marketing in India. Such a body should study the business concept and products offered by the MLM company before they could enter into the market. This given article covered by Moneylife foundation, they have covered many issues related to Multi-level Marketing in the past. Let us know if you agree or disagree with the view-point of Moneylife. (more…)