<h1>India Lacks Specific Codes and Guidelines for Regulating Multi Level Marketing Companies, Says Minister of Corporate Affairs.</h1> There is no specific activity code to identify Multi Level Marketing (MLM) companies in India, making it difficult to distinguish them from other companies registered under the Companies Act, 1956. Additionally, there are no separate guidelines for MLM companies, resulting in a lack of available information on actions taken against them or tax collection from these entities. This was stated by the Minister of State in the Ministry of Corporate Affairs in response to a query in the Lok Sabha regarding the prevalence and regulation of MLM companies in the country.