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<<INDIAN SITUATION >> v India has always been invaded and ruled continuously right from Alexander to East Indian Companies and later on by Britishers. But we haven’t yet learnt our lessons. v Now again in the name of Multilevel Marketing, Network Marketing many companies like Amway, Gold Quest, Tupperware and many companies are again leading Indians towards Economic slavery. As usual history is repeating. Some of our own brothers and sisters have become traitors and have joined hands with these companies. v Sensing this present situation, our forefathers and Law makers had made our Indian fort strong by enacting a powerful Act called ‘Prize Chits and Money Circulation Schemes (Banning) Act, 1978’. v This Act bans Money Circulation Schemes as well as Multilevel Marketing, Network Marketing schemes etc. v This has been reiterated by Hon’ble High Court of Madras, Reserve Bank of India and Legal Experts etc. Prize Chits and Money Circulation (Banning) Act, 1978 <<Click for bare act>> According to Sec.2(c) of the Act defines Money Circulation Schemes as: “Any scheme, by whatever the name called, for making of quick or easy money, or for the receipt of any money, or valuable thing as the consideration for a promise to pay money, on any event or contingency relative or applicable to the enrollment of members into the scheme, whether or not such money or thing is derived from the entrance money of the members of such scheme for periodical subscriptions”. Thus any scheme which involves enrollment and making of quick or easy money is nothing but Money circulation schemes. Madras High Court ( on 7^th January, 2005) <<Click for judgement>> v the court held that the Multilevel Marketing scheme, by whatever attractive name it is called, is illegal and that the Director General of Police and other law enforcing authorities must have a watchful eye on all such activities and take timely actions. v Secondly, the person concerned does not get the value of money he pays. v Thirdly, the companies collect service charges on the sale of goods. No service charge can be collected while the goods are sold. Apart from that, the MLM results in exploitation of personal influence of each and every distributor or his close relative. If a Superior officer or his ward is involved in MLM, the subordinates are forced to become members in the chain”. Top

“In India these schemes (MLM) have become a nation wide menace, a nation wide financial pest” - Sri S. Jayapal Reddy, The then Member of Parliament, presently Cabinet Minister, Govt. of India raising the issue of MLM in Parliament