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HomeEconomyModi govt bans direct selling companies from promoting pyramid, money circulation schemes

Modi govt bans direct selling companies from promoting pyramid, money circulation schemes

Tupperware, Amway and Oriflame are some of the key players in the direct selling industry. The govt Tuesday notified new rules and has given companies 90 days to comply with them.

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New Delhi: The Centre on Tuesday banned direct selling companies from promoting pyramid and money circulation schemes as it notified new rules for the direct selling industry.

The entities have to ensure compliance with the rules within 90 days.

The direct selling companies will also be liable for the grievances arising out of the sale of goods or services by its direct sellers.

Tupperware, Amway and Oriflame are among the key players in the direct selling industry.

The Consumer Protection (Direct Selling) Rules, 2021 notified by the nodal Consumer Affairs Ministry are to be complied with by both direct selling entities and direct sellers using e-commerce platforms for sale.

As per the new rules, state governments will have to set up a mechanism to monitor or supervise the activities of direct sellers and direct selling entities.

This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content.


Also read: Singed by farm protests, Modi govt holds up privatisation of 2 PSU banks until state polls


 

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