Regulation of Multi-Level Marketing Companies.

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..... Regulation of Multi-Level Marketing Companies.
News and Press Release
Dated:- 13-8-2012

Press Information Bureau Government of India Ministry of Corporate Affairs 13-August-2012 17:59 .....

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..... IST Regulation of Multi-Level Marketing Companies Government is aware of a number of multi-level marketing companies operating in the country are disguised as those selling products but they are in .....

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..... herently operating money circulation scheme. Some complaints have been received, in the light of which, the Government, in Department of Financial Services, has constituted an Inter- Ministerial Group .....

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..... consisting of representatives from Department of Financial Services, Ministry of Corporate Affairs, Reserve Bank of India, Securities Exchange Board of India, Department of Consumers Affairs, CIEB (D .....

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..... epartment of Revenue) and SFIO to - (i) Draft Model Rules on the Multi Level Marketing Companies and on the prohibited scheme under the prize Chits and Money Circulation Schemes (Banning) Act, 1978. .....

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..... (ii) Frame clarificatory guidelines on how to distinguish between genuine direct sales from disguised money circulation scheme. This information was given by Minister of State for Corporate Affairs .....

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..... Shri R.P.N. Singh in reply to a written question in the Rajya Sabha today. ***** ST
News - Press release - PIB .....

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