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    • Govt cracksdown on chit funds; proposes ban for MLM cos

      Govt cracksdown on chit funds; proposes ban for MLM cos

      CNBC-TV18‘s Siddharth Zarabi reports that the multi-level marketing companies will be banned by the government. The proposal has been mooted by the department of financial services and is likely to be fast tracked considering the seriousness of the chit fund scam

    • SEBI wants principal regulator to monitor investment plans

      SEBI wants principal regulator to monitor investment plans

      The collective investment scheme regulations of 1999 are too old to handle the new and innovative schemes that are being introduced. With more scams in this area coming to light SEBI's call for a principal regulator to oversee all collective investment schemes including multi-level marketing schemes has gained strength.

    • RBI to notify new rules on MLM firms shortly: Sources

      RBI to notify new rules on MLM firms shortly: Sources

      The Reserve Bank of India is likely to notify new rules on Multi-Level Marketing (MLM) companies shortly, reports CNBC-TV18 quoting sources.

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