Latest News
Govt invistigating of 145 illegal companies
New Delhi:Cases of Corporate Frauds/Chit Fund Scams Involving Companies

The Ministry, during the last three years and current year, has ordered investigation into the affairs of 145 companies which were allegedly involved in illegal depos.....
Bill to check ponzi schemes put on hold by Govt
NEW DELHI: A proposed bill to check fraudulent multi-level marketing (MLM) or ponzi schemes has been put on hold by the government.

The Finance Ministry had started the process to amend Prize Chits and Money Circulation Schemes (Banning) .....
Direct selling companies aiming to cut the share o....
New Delhi:With the direct selling industry aiming to cut the share of imports from the current 30 per cent to 10 per cent by 2020, it could prove to be a huge boost to the country’s small and medium enterprises (SMEs) that engage in contract manufact.....
Investors ask SAT for refund of their money in PAC....
The phones at the Securities Appellate Tribunal(SAT) don't stop ringing these days. The tribunal's staff are tired of answering calls from investors asking them for refund of their money which they had invested in PACL, formerly Pearl Agrotech Corpor.....
AgriGold ready to refund money to depositors!!!
HYDERABAD: Avva Venkata Seshu Narayana Rao, chairman of the controversial AgriGold group of companies, who is facing charges of collecting deposits from the public in an unlawful manner to an extent of Rs 6700 crore, on Tuesday moved the high court c.....
Frame Guidelines to Keep Check on Direct selling
CHENNAI: In a bid to stop multi-level marketing businesses from cheating people by floating attractive but unviable schemes, the Madras High Court asked the State government to look beyond just prosecuting the offenders and to take preventive measure.....
Raid on Amway outlet for selling banned baby food
HYDERABAD: In the wake of the controversy over Maggi noodles and cries for action against other such ready-to-eat food items, the State Commission for Protection of Child Rights (SCPCR) conducted a raid on the Amway outlet in Somajiguda on Monday for.....
Govt plan to strengthen consumer protection Act
New Delhi:NFinance Minister Arun Jaitley and Consumer Affairs Minister Ram Vilas Paswan on Friday came down heavily on errant e-commerce firms, with the former suggesting there was an urgent need to strengthen the consumer protection Act to give powe.....
Amway focus on skincare products
Amway India is betting big on its skin whitening range, which accounts for around 60 per cent of the Rs 7,500-crore skincare market.

The direct-selling FMCG company expects to clock an 18 per cent growth in its beauty brand Attitude on the.....
Agents from 5 states OF Agri Gold protest
Vijayawada:Police obstructed 5,000 Agri Gold agents and depositors who gathered at the Agri Gold office here on Monday seeking justice and action against the company for defaulting on repayment of their money.

The victims, who first tried .....
Self employment opportunities generated by the dir....
In the last decade, self employment opportunities generated by the direct selling industry in India has more than doubled to 96.3 million people in 2013, from 43.8 million in 2001, according to a latest survey.

With over 14 years of activi.....
IDSA Announces New chairman and Executive Committe....
New Delhi: Indian Direct Selling Association (IDSA) announces its new Executive Committee at the General Body Meeting held in New Delhi. Mr. Rajat Banerji, National Head CorporateAffairs, Amway India Enterprises has taken over as the New Chairman of .....
CAIT urges Jaitley to make specific rules for dire....
The Confederation of All India Traders (CAIT) has asked the Centre to make specific rules and regulations for the direct selling industry in the country.

In a communication sent to Union Finance Minister Arun Jaitley on Thursday, the trade.....
Oriflame launches hair styling range
Direct selling company Oriflame launches hair styling range for professionals.The HairX range from Oriflame helps in keeping the mane in place, giving it a defined and natural look. It softens the locks and makes them easy to control and style, givin.....
ED attaches properties of Moon life Company
Hyderabad: The Enforcement Directorate officials of Hyderabad on Friday attached properties worth over Rs. 4.12 crore belonging to two companies in a multi-level marketing case.

The properties belonged to Moonlife Teamworks India Private L.....
Amway India launched new skin care products
Direct selling FMCG firm Amway India today expanded its skin care portfolio by launching 'Be Bright' range under its premium beauty brand 'Attitude'.

"The company is targeting the burgeoning whitening market which according to the industry.....
Govt looks overseas for laws on direct selling,Pon....

From Saradha to Rose Valley and the Pearl scam, with a slew of ponzi-like financial frauds rocking the country in recent years, the government is also looking for solutions abroad.

Top government sources said that the finance ministr.....
Govt to provide clarity on Direct selling-Ficii
Sensing the need to regularise direct selling, FICCI has urged the government to provide clarity. Shilpa Gupta, Head – Retail, FMCG, Luxury Gems & Jewellery, Direct Selling, FICCI, shares her views about the potential of this multi-level marketing mo.....
Direct selling & Ponzi schemes in India
In India, the direct selling business took off in the mid-1990s, and peaked with a growth rate of 27 per cent in 2010-11. However, that growth has diminished drastically since. The industry grew a mere 4.3 per cent in 2013-14, hit by allegations of f.....
   
 
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