MLM

Multi Level Marketing – Curbs on Fraudulent Companies

Multi Level Marketing (MLM) Schemes involving enrollment of a vertical chain of investors/agents constitute Money 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 Rajya Sabha, Shri Sachin Pilot, Minister of Corporate Affairs,… Read More

Tags: Central Economic Intelligence BureauMinistry of Corporate AffairsMLMMulti-level marketingRajya SabhaReserve Bank of IndiaSachin PilotSchemes

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