NEW BUSINESS MODEL AFTER MLM BANNING ACT, 2012

As per Money Circulation Scheme (Banning) Act 2012, one of the well-known MLM company Noni Bio Tech pvt. Ltd (Commonly known as Divine Noni) has already changed its business modeL from Network Marketing to Retail marketing by following the term and condition of govt. of India.

The retail distribution hierarchy in the new retail plan is as below

  Noni Biotech Pvt.Ltd

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Company Warehouse

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State Warehouse

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Wellness Super Stockiest (WSS)

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Wellness Stockiest (WS)

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Wellness Wholesaler (WS)

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Wellness Distributor Stock Point (WDSP)

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Wellness Distributor (WD)

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Shop / Retailer (R)

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Consumer (C)

THE MONEY CIRCULATION SCHEME (BANNING) RULES, 2012

UNDER THE PRIZE CHITS & MONEY CIRCULATION SCHEMES

(BANNING) ACT, 1978

Whereas section 2 © of the Prize Chits and Money Circulation Schemes (Banning) Act 1978 (Act No. 43 of 1978) defines

‘money circulation scheme’ as any scheme by whatever name called, for themaking of quick or easy money, or for

thereceipt of any money or any 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 ornot such money or thing is derived from

the entrance money of the members of such scheme or periodical subscriptions; and whereas section 3 of the said Act

inter alia bans such money circulation schemes; and whereas instances have come to light where money circulation

scheme are being introduced in disguised forms under the garbofselling goods or services wherein promoters and upline

subscribers make quick and easy money at the cost of downline subscribers.

Now, therefore, in exercise of powers conferred by sub- section (1) of section 13 of the Act, the State Government hereby

makes the following Rules in consultation with Reserve Bank of India for the Purpose of carrying out the provisions ofthe

Act:

1. Short title and commencement:

(1) These rules may be called the Money Circulation Schemes (Banning) Rules, 2012

(2) The rules shall come into force on the date of their publication in the official gazette.

2. Definitions: In these rules unless the context otherwise requires-

(a) ‘Act’ means thePrize Chits and Money Circulation Schemes (Banning) Act, 1978 (Act No. 43 of 1978);

(b) ‘Section’ means a section of the Act;

(c) ‘Subscriber’ means a subscriber by whatever name called to a Money Circulation Scheme including disguised

Money Circulation Scheme;

(d) ‘Compensation Plan’ Means plans whether explicitly stated or not, but put in practice by the business entities

for distribution of benefits to the subscribers;

(e) ‘Enrolment’ means a subscriber enrolling one or more subscribers;

(f) ‘Money Circulation Scheme’ includes a scheme which is used for making ofquick or easy money by disguising

suchscheme asa scheme for sale of products or providing or claiming to provide certain goods or services etc.;

(g) ‘Competent Authority’ means authority notified by the state government for winding up of the business entities

indulging in money circulation schemes and perform other tasks as assigned by the State Government inorder to

implement the Act;

(h) ‘Nodal Police Authority’ means police authority in thestate notified by the state government and entrusted with

the responsibility of collecting, collating and sharing information with other States, Central Government,

Reserve Bank of India and others regarding money circulation schemes;

(i) ‘Pyramid’ means a multi layered network of subscribers to a scheme formed by subscribers enrolling one or more subscribers in order to receiveany benefit, directly or indirectly, as a result of enrolment, action

or performance of additional subscribers to the scheme. The subscribers enrolling further subscriber(s) occupy

higher position and the enrolled subscriber(s) lower position, thus, with successive enrolments, they form

multi-layered network of subscribers.

(j) ‘Upline Subscriber’ means subscriber who is at higher level in the pyramid;

(k) ‘Downline Subscriber’ means a subscriber who is at alower level in the pyramid;

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Comments

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  2. MANOJ KUMAR SEN says

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  3. MANOJ KUMAR SEN says

    JAY RCM
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    DHANYAWAD
    MANOJ KUMAR SEN
    DIBRUGARH,DIST;NAMRUP ASSAM
    09954501352

  4. MANOJ KUMAR SEN says

    JAY RCM GOOD RCM
    RCDWA ZINDABAD ALL MEMBERS ZINDABAD.HAPPY NEW YEAR 2013.RCDWA CHALU RAHANA CHAHIYA..RCDWA GATHAN HUA ISLIYE SAB KUCH BAPAS MIL RAHA HAI AUR MILEGA….ISLIYE RCDWA KO KRITAGYOTA GYAPAN KARTA HUN…RCDWA AUR COMPANY KE BICCH ME ASSOCIATION HUNA CHAHIYA..LEADER TO YOHI HAI JO RCDWA ME SURU SA LAGAN SE LAGA RAHA HAI…RCDWA …AAM LOGO KI HAR SAWAL KI SOLVE KAR SAKE…COMPANY KE GALAT NIRNAY KE KHILAF KEHE SAKE.AUR KRANTIKARI KA HAQ DILA SAKE…TO UNKE V KUCH NITINIYAM HUNA CHAHIYE JO SAVI FOLLOW KARE….GROHOK KO KE HEET ME AUR BUSINESS KI HEETO ME HONA CHAHIYE…

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    DIBRUGARH DIST; NAMRUP ASSAM
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  5. MANOJ KUMAR SEN says

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    MANOJ KUMAR SEN
    DIBRUGARH,DIST;;NAMRUP;;ASSAM
    09954501352

  6. MANOJ KUMAR SEN says

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    LOYALTY KE BARE ME TCJI. NE NAHI KAHA DENA HAI YA NAHI.;;;;;USKO MATHAPASHI KARNE SE KIYA HOGA.;;;;KAM SE KAM TCJI.YA RCM KO POSITION AANE DIJIYE.;;;;NAHITO.;;;;BAAP MAR GAYA ANDHERE ME.;;BETA NAAM POWER HOUSE.;;;P;;;

    DHANYAWAAD
    MANOJ KUMAR SEN.
    DIBRUGARH.;;DIST NAMRUP ASSAM
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  7. jaiguru rcm puc says

    DOSTO
    JAYGURU JAIRCM
    GURU BANI
    SABKO BACANA APNE BACNA
    USKO HI TU DHRM SAMAJNA
    sree sree thakur anukul chandra

  8. MANOJ KUMAR SEN says

    JOY GURU JAY RCM.
    MLM COMPANY NONI BIO TECH PVT LTD.;;;SAREIN JANKARI HINDI ME ANUWAAD KAREIN.;;;;

    DHANYAWAAD
    MANOJ KUMAR SEN.
    DIBRUGARH.DIST.;;;NAMRUP.ASSAM
    09954501352

  9. HARJINDER SINGH says

    khud distibuter ko bv ka 10% aur jitne logo ko join karata hai un ki sale ka 10% is se aage 10000-19999–1.5% 20000-39999–3% 400000-69999–4.5% 70000-114999–6% 115000-169999–7.5% 170000-259999–9% 260000-349999–10.5% 3500000 above–12% meri soch mutabik is plan se bisness apne aap badega aur leadars ka jor bhi kam lagega agar aap is plan se sehmat hai to is plan ko t c ji tak jarur pohchaen jai rcm

  10. HARJINDER SINGH says

    leader logo apne bare me sochna band karo sabse nichle distibuter ke bare me socho jab nichla distibuter 20 logo ko join karega aur unki sale ki jimwari lega to 20000bv ki sale hogi to us ko 2300rs aaega us ko kitni khusi hogi aur agle month aur joining dalne ki kosish karega aur harek distibuter aisa karta hai bisness bhi apne aap badega com ki baat karta hai to tumari a leg me 110000bv bleg me 60000bv 2000bv ki khud sale karte ho to aap ko 172000bv ka 9% 15480rs a leg ka 6% 6600rs bleg ka 4.5% 2700rs dono legs ka com 9300rs aur tumara com 6180rs tumare 20 logo ka 2000 totel 8180 aur kiya chahie

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