The names of the MLM operations listed right here embody some listed on the Ministry of Client Affair’s web site as “self-declared to be compliant” to the rules printed by the Division of Client Affairs on the twelfth of September 2016.
This record is the output of an early detection and warning course of by the crew of Technique India.
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On this course of, the crew detects MLM operations and collects data within the first few weeks of initiation of the enterprise. This data is then analysed inside ten working days adopted by the itemizing of unviable MLM actions on this rip-off alert record.
This record majorly comprises names of unviable enterprise operations which deploy the Multilevel advertising compensation plan/s and have a multilevel advertising group. Which can have been initiated by the promoters (together with founders, stakeholders, and the founder brokers / distributors) knowingly (with full information of implications) or unintentionally (copied with out understanding the viability of commitments and affect).
These operations commit to supply un-viable returns and/or show deceptive data on their web site / promotional materials/s.
The actions listed right here deploy multilevel advertising compensation plan to compensate their individuals / traders / brokers / distributors / impartial contractors organized in multilevel construction.
It isn’t an exhaustive record however comprises a fraction of 1000’s of fraudulent MLM actions in India.
This record consists of names of actions targeted on selling intangible (Token) merchandise that are of no use/can’t be used for the individuals paying for a similar.
In case an operation doesn’t show the compensation plan on their official web site, the compensation plan is sourced from different web site/s /Platforms the place the operators or its brokers / distributors / promoters / impartial contractors /individuals would have displayed/posted the identical.
These entities are listed on this fraud alert record after analysis of the Snapshots of the Internet pages from their official web sites with the date and time stamps, Names of the administrators, Names of the Promoters/Prime distributors, Addresses, Contact numbers, Merchandise / Companies / choices, Compensation plan/s, Franchisee addresses, Server particulars, IP addresses, Identify of the Software program developer and assist service suppliers, Approximate turnover, Space of operation, Movies of the corporate conferences, brochures, literature, and so on. and could be shared on request with Investigation/Legislation Enforcement companies provided that requested with legitimate motive/s utilizing official e-mail ids and different correct contact particulars.
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