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What happens when investors stop SIPs during crises–real investors, real panic, and the real cost of walking awayFrom a cancer diagnosis in Kolkata to a layoff in Bengaluru to Covid panic in Agra—real investors, real crises, and the real cost of walkin...- Sebi forwards complaints against QNET to state govtThey have also been accused of using the banned binary pyramid business model for its multi-level marketing schemes to lure investors.
- Bill to check ponzi schemes put on holdA proposed bill to check fraudulent multi-level marketing (MLM) or ponzi schemes has been put on hold by the government.
- Fake investment schemes mostly MLM, CIS activities: GovernmentTo curb such activities, various steps including stricter corporate governance norms have been prescribed in the new Companies Act.
- High-level IMG looking into functioning of MLM, NBFC, CISThe IMG has been constituted under the chairmanship of Additional Secretary (Financial Services) and has officials from the Reserve Bank an...
- Direct selling companies like Amway plan agitation against "police harassment"Direct selling companies said they are planning nation- wide agitations if the Government fails to curb their mistreatment within 45 days.
- Why it is not surprising that the Amway row happened in KeralaKerala has always been a favourite hunting ground for shady players. Amway may have inevitably got clubbed with them.
- Government frames rules to curb multi-level marketing companies raising funds illegallyThe norms have been jointly framed by the Finance, Corporate Affairs and Consumer Affairs Ministries along with various other authorities i...
- Investor frauds: Vanishing companies, Ponzi schemes face Govt probeThe government today said it has found 87 companies across the country to have vanished after raising funds totalling Rs 342 crore through ...
- Review meeting this week on Multi Level Marketing activities: Sachin PilotAbout 87 companies have come under the government scanner for allegedly engaging in fraudulent MLM schemes.
- Govt panel suggests consumer campaign against ponzi schemesThe committee has also suggested framing of fresh guidelines on the nature of operation of the direct selling and MLM companies so that gen...
- Government panel for ban on defaulter MLM firms, blocking websitesA Govt panel has suggested wide-ranging changes in the rules governing such businesses, including a ban on defaulter firms.
- 50 multilevel marketing firms are under EOW probePolice officers say a special unit under the EOW should have been formed much earlier, but was delayed due to a shortage of manpower.
- Central government may prod states to control direct selling, MLM businessThe central government may ask states to pass special Acts for regulating direct selling and multilevel marketing (MLM) companies operating...
- Transparent rules should govern the multi-level marketing businessFor MLM companies, the govt should issue clear guidelines about what constitute genuine business practices, which generate economic benefit...
- Govt inspecting 87 chit-funds, multi-level marketing cos: MCAAs many as 87 companies have come under the scanner for alleged irregularities related to chit fund schemes and money circulation in the ga...
- 'Home Ministry can set up SFIO type body to probe fraud by MLM companies'The Corporate Affairs Ministry has said the Home Ministry can set up a SFIO-type special body to probe frauds by the multi-level marketing ...
- SFIO recommends body to curb fraudulent chit funds, MLMsThe Serious Fraud Investigation Office (SFIO) has recommended setting up of an institution to check fraud through chit funds and multi-leve...
- Regulator wants life cos to reveal payments made to intermediariesIn an apparent move to unearth hidden commissions, Insurance Regulatory & Development Authority (Irda) has asked life insurers to provide i...
- Bank frauds lure Gujarat's NatwarlalsRecords of the CBI and CID in Gujarat, reveal a unique story of shifting trends in whitecollar crimes.
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