MCA cannot investigate MLM Company Speak Asia

The Ministry of Corporate Affairs (MCA) today said it cannot investigate alleged irregularities in multi-level marketing company Speak Asia as the company is not registered with it.

“Speak Asia is not registered in India so we cannot do any investigation against it. MCA does not have any database of the company,” Corporate Affairs Secretary D K Mittal told reporters on the sidelines of an AIMA event here.

Singapore-based Speak Asia, promoted by Hariender Kaur, was incorporated last year. So far, it only has operations in India and claims to have 19 lakh members or panelists in the country.

Mittal added that Speak Asia has not applied for registration with the Ministry of Corporate Affairs (MCA).

The company charges a membership fee of Rs 11,000 for a year. It allows its members to conduct some surveys online for the firm.

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates