MOA of Network Marketing Company
This query is : Resolved
14 November 2021
Can anyone please provide me draft MOA of Network Marketing company. Thanks in advance.
15 November 2021
https://csarengarajan.blogspot.com/2010/08/main-object-of-multi-level-marketing.html
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02 December 2021
Hi, I had applied for new company registration as network marketing company including above object clause as per link but I have received below query from MCA:
"Business of 'network marketing' 'channel marketing', 'multi link gift schemes', 'multilevel
marketing', 'multi linking promotional activities', 'direct sales associates', 'pyramid structure schemes' and other
similar activities cannot be done. Hence, remove such words and objects from MOA."
Can any one please confirm if this is valid query and give any section/rule reference which prohibits doing this business.
"Business of 'network marketing' 'channel marketing', 'multi link gift schemes', 'multilevel
marketing', 'multi linking promotional activities', 'direct sales associates', 'pyramid structure schemes' and other
similar activities cannot be done. Hence, remove such words and objects from MOA."
Can any one please confirm if this is valid query and give any section/rule reference which prohibits doing this business.
02 December 2021
Refer ::: https://blog.ipleaders.in/mlm-india/ for some details....
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