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PENALTIES & PUNISHMENT TO PERSONS PROMOTING MLM

Why any person will go to jail for enrolling as a member and that too when he is not the promoter?

Under Section 3 of the said Act, no person shall promote or conduct any money circulation scheme, or enroll as a member to any such scheme, or participate in it otherwise, or receive or remit any money in pursuance of such scheme. So even a person enrolling himself as a member or participating in the scheme is an offender. The prescribed punishment under Section 4 is imprisonment for a term, which may extend to three years, or with fine, which may extend to five thousand rupees, or with both.

INDIAN LAWS AGAINST MLM

In India, money circulation schemes are banned under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978. Section 2 (c) of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978 defines a money circulation scheme as, any scheme, by whatever name called, for the 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 enrolment of members into the scheme, whether or not such money or thing is derived from the entrance money of the members of such scheme or periodical subscriptions.

I am also with the POLICE and The Law Making Body for the reinforcement of this laws well.

Any body can enquire about MLM at mlmfraudinfo@gmail.com .

MLM Plans Are Really Fraud

MLM PLANS ARE TOTALLY FRAUD AND YOU MUST BEWARE BEFORE JOINING IT . YOU CAN BE IN PROBLEM ( BESIDES BARS ALSO ) IF YOU JOIN THESE PLANS. SO BE INFORMED THESE ARE BANNED BY INDIAN LAWS AND SO THESE MUST BE IGNORED IN ORDER TO BE SAFE.

I ENROLLED FOR A MLM PLAN AND IT WAS TOTALLY MAKING MEMBERS AND INCREASING DOWNLINE. BUT AFTER I READ THE ARTICLE OF MR. SIVANANDA REDDY, ADDITIONAL SP , CID ON www.cidap.gov.in THEN I THOUGHT TO LEAVE IT. BUT THANKS GOD, I HAVE NOT REFERRED ANYBODY. SUCH LAWS ARE VERY GOOD EFFORTS OF LAW BODY AND MUST BE ENFORCED AND IT MUST BE ENSURED THAT NO COMPANY SHOULD CATCH THE PEOPLE AND CHEAT THEM. DATA OF ALL COMPANIES MUST BE CHECKED AND VERIFIED PRACTICALLY AND THE DEFAULTERS COMPANY MUST BE SEALED TO PREVENT MORE PEOPLE TO BE CAUGHT.

IT IS MY SUGGESTION TO ALL THE POLICE AND THE LAW MAKING BODIES AND PLEASE DON'T LET ANY BODY LIKE ME GET CAUGHT BY SUCH COMPANIES.