https://www.taxtmi.com/news?id=12140 Companies operating Multi-Level Marketing schemes are being treated as contravening the Prize Chits and Money Circulation Schemes framework or operating as unauthorised Collective Investment Schemes while not being registered as Non-Banking Finance Companies. The corporate regulator has shared particulars of a large set of such companies with the banking regulator for verification to enable cross-regulatory scrutiny of unauthorised financial business. en-us Wed, 18 Dec 2013 10:19:21 +0530 Wed, 18 Dec 2013 10:19:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12140 Companies operating Multi-Level Marketing schemes are being treated as contravening the Prize Chits and Money Circulation Schemes framework or operating as unauthorised Collective Investment Schemes while not being registered as Non-Banking Finance Companies. The corporate regulator has shared particulars of a large set of such companies with the banking regulator for verification to enable cross-regulatory scrutiny of unauthorised financial business. News - Wed, 18 Dec 2013 10:19:21 +0530 https://www.taxtmi.com/news?id=12140