STEPS TAKEN BY CENTRAL GOVERNMENT REGARDING NETWORK MARKETING OR MLM COMPANY

Information for all Nmart Associates

1. All companies involved in direct marketing or MLM has been made mandatory to be registered / licensed by SEBI. If not registered will be called illegal.
2. Company’s involved in supplying goods and services and does direct marketing through their member and one member makes another member and so on. To make member, membership fees is being collected. Such companies will be called MLM Scheme Company.
3. These type of companies or their promoter found doing business without SEBI registration will be punished for 10 years of imprisonment and penalty of double amount of investment.
4. SFIO has been appointed as nodal officer. Every police station will be sending their report regarding the schemes running in their area to these SFIO. Then the SFIO will investigate and then carry on with his legal proceeding jointly with the police station.
5. If a company involved in business more than one state then the entire responsibility will be on the SFIO to co-ordinate with other state agencies.
6. Proposed amendment on Money circulation act 1978 has been prepared and very soon any time we will be getting in monsoon session after 05^th August 2013.
7. For confirmation regarding this news watch CNBC AWAAZ news channel or click the link below to watch through Youtube.

      CNBC AWAAZ Youtube Link  http://www.youtube.com/watch?v=W4AT-g9jifA

Jitendra Dubey
09335912435    (please read below disclaimer before calling फोन करने से पहले डिस्क्लेमर पढ़ें)
Nmart Associate http://www.facebook.com/jitendra.dube (send friend request for regular updates)
DISCLAIMER : This is an entirely personal blog. It has no concern with the company. The writer of these updates does not belong to company employee/ customer care etc. The mobile number given is also a personal number. All the contents in this website is based on Court information/ Government record and is posted only after confirming the evidential facts. Updates are issued in the public interest as a social contribution to stop spreading rumor by anti social elements to create panic in the public.