In a major development the Supreme Court has ordered a stay on all further proceedings against direct selling company QNET and its franchisee Vihaan Direct Selling Pvt Ltd (Vihaan).
It fundamentally also granted bail to its Indian shareholders Michael Ferreira and Malckolm Desai. QNet, which has been under investigation since 2013, views this with positivity thereby.
The order comes at a timely moment given the backdrop of the model Direct Selling Guidelines issued by the Ministry of Consumer Affairs for proper functioning of Direct Selling companies in India.
In an interim order, a two-judge bench comprising Mr. Justice Pinaki Chandra Ghose and Mr. Justice Rohinton Fali Nariman categorically stayed all FIRs against the business of QNET in India.
The Supreme Court has also stayed further proceedings in all 19 FIRs against the company across India.
As
Monthly Archives: April 2017
Hot Business News Today
Network Marketing In Iran Is Booming
by Ted Nuyten • • 0 Comments
There are no official numbers documenting Network Marketings popularity in Iran.
But unofficial statistics says that the revenue of the industry is near $100 million a year, with more than 300,000 active direct sellers. And with more than 1 million people consuming products from MLM companies, the tipping point of critical mass is just around the corner.
Payam Moghim is the founder of Atorina a company focused on introducing the legitimate and real MLM in Iran. He believes that getting help from high-calibre speakers and trainers is the first priority in his country.
It was October 2015 that our website (Business For Home.org) first covered Iranian Network Marketing news in an article which was about John Milton Fogg.
Fogg, one of the legends of the industry who had written bestsellers over more than 20
Hot Business News Today
How to Embrace AI for Enacting Humanitarian Change
by Gideon Kimbrell • • 0 Comments
Artificial intelligence brings new opportunities for social change. Here are four steps for improving your startup’s compassion quotient.
Hot Business News Today
Why Your Retail Business Needs CRM Software
by Peter Daisyme • • 0 Comments
The right technology will create a database that helps you personalize each customer interaction.
Hot Business News Today
Yahoo and AOL Are Part of Verizon's New 'Oath' Brand
by Nathan Ingraham • • 0 Comments
Hot Business News Today
No Credit Card? Pay With Amazon Cash.
by Angela Moscaritolo • • 0 Comments
Just get a special barcode from Amazon, bring it into your local CVS or another participating store, show it to the cashier and add as much cash as you like to your Amazon Balance.
Hot Business News Today
4 Ways to Avoid Common Business Credit Fallouts
by Ayodeji Onibalusi • • 0 Comments
Hot Business News Today
These Are the Brands Teens Think Are the Coolest, According to Google
by Nina Zipkin • • 0 Comments
Hot Business News Today
4 Things You Can Outsource to Help You Fight Decision Fatigue
by Andrew Medal • • 0 Comments
Hot Business News Today
4 Top Tactics for Coping When Management Changes Hands
by John Boitnott • • 0 Comments
New boss actually might be same as the old boss, which could open better possibilities for you.