Curb on Fraudulent MLM Companies

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..... Curb on Fraudulent MLM Companies - News and Press Release Dated:- 30-4-2013 - News - Multi Level Marketing (MLM) Schemes involving enrollment of a vertical chain of investors/agents constitute Mone .....

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..... y Circulation and are banned under the Prize Chits Money Circulation (Schemes)Banning Act, 1978 which is implemented by the States. Giving this information in written reply to a question in the Raj .....

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..... ya Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said that in order to facilitate effective control of MLM, a Group of Officers from Ministries of Finance, Corporate Affairs Consumer Affa .....

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..... irs along with representatives of Reserve Bank of India, Central Economic Intelligence Bureau (CEIB) and the Serious Fraud Investigation Office (SFIO) have prepared Model Rules called Money Circulatio .....

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..... n Scheme (Banning) Rules, to explicitly cover MLM under the said Act. Ministry of Finance (Department of Financial Services) has sent the rules for notification to the States. KKP/sg (Release I .....

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..... D :95360) - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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