https://www.taxtmi.com/news?id=3684 Allegations that companies are conducting prize chit and money circulation schemes disguised as multi level marketing have led to directed scrutiny of balance sheets and statutory inspections of books of account to determine whether activities amount to prohibited money circulation. An inter ministerial group is drafting model rules for multi level marketing and issuing guidelines to distinguish genuine direct sales from disguised circulation schemes. en-us Mon, 27 Aug 2012 18:45:02 +0530 Mon, 27 Aug 2012 18:45:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3684 Allegations that companies are conducting prize chit and money circulation schemes disguised as multi level marketing have led to directed scrutiny of balance sheets and statutory inspections of books of account to determine whether activities amount to prohibited money circulation. An inter ministerial group is drafting model rules for multi level marketing and issuing guidelines to distinguish genuine direct sales from disguised circulation schemes. News - Mon, 27 Aug 2012 18:45:02 +0530 https://www.taxtmi.com/news?id=3684