http://www.solitaire.sblinks.net Dofollow Social Bookmarking Site 2017 Mon, 28 Nov 2022 07:30:19 +0000 en http://www.solitaire.sblinks.net/News/indusviva-permitted-to-resume-operations-indusviva/ Let's take a look back as to why this commotion happened and how it all started.
Direct Selling is the marketing, distribution and sale of goods or providing services through a network of people, known as direct sellers. However, the growth and success of this industry led to the development of fraud money circulation schemes in the name of Direct Selling. The absence of specific laws and norms to regulate direct selling companies was the reason behind this misconception.
The industry witnessed a revolution by issuing Direct Selling Guidelines 2016.
Consisting of the guiding principles for State Governments to consider Direct Selling as regular businesses and appointing a monitoring mechanism to prevent any fraud in the best interests of the people involved in the business or customers, was the main highlight. Following the guidelines, many states have appointed a nodal authority for supervision.
According to Consumer Protection Act 2019, it is a legal, economic activity that helps entrepreneurs build a business. Multi-Level Marketing is a kind of direct selling in which a direct seller is paid compensation for the sales generated and the sales of their direct selling network, who they recruit or sponsor directly or indirectly. People can enjoy financial freedom by earning a commission from the sale of products or services.
Although there is a guideline and most state governments have appointed monitoring mechanisms, the absence of an exclusive law still leads to the discriminatory approach of people or authority. They cannot distinguish between legitimate Multi-level Marketing companies and fraudulent money circulation schemes. This results in disbelief and mistrust among ordinary people leading to defamation of several companies of this industry. It is hopeful for the industry that the Department of Consumer Affairs have come up with Consumer Protection (Direct Selling) Rules 2021, as specified in the Act, which is about to be notified at any time, shall help. According to Direct Selling Guidelines 2016 (Clause 1.7), a Direct Selling organization is not engaged in a pyramid scheme that sells or offers to sell goods or services through a direct seller. In the Guidelines, Clause 1, Sub-clause 11, the first paragraph defines the Pyramid scheme, and the second paragraph clearly explains how Direct Selling is different from Pyramid Scheme by laying down few conditions. ]]> Mon, 28 Nov 2022 07:30:19 +0000 Indusviva News 1 http://www.solitaire.sblinks.net/News/indusviva-permitted-to-resume-operations-indusviva/ http://www.solitaire.sblinks.net/News/indusviva-is-back-in-business-indusviva/
Who are IndusViva, and what do they do?

IndusViva is a Direct Selling company that started its journey in 2014 with only 1 product. In 2021, they are the proud owner of 5 world-class ayurvedic health promoter products manufactured under the licence of the Department of Ayush. They are the first Direct Selling company in India to start their operations in the ‘Motherland of Direct Selling', United States of America and also expanded in multiple continents with their exclusive product, iVed. Although they haven't started operating in many countries, the customer base is prevalent all over the globe. IndusViva has set the best example in the industry by marching up from nowhere to be one of India's top ten Direct Selling companies. Other companies in that list are more than fifteen years old, but this organization did it in only six years.

IndusViva is a company that rose to its feet when the whole world, including the Direct Selling industry, was entirely under lockdown due to the deadly pandemic. After the 1st phase, they completely digitalized their business strategy from physical to virtual; empowered the distributors by training them with several digital tools through virtual meetings. Even though they have faced extensive damage, they still managed to have nearly the same turnover as the previous year. They had a total turnover of approximately INR 1450 crores in 7 years, out of which nearly half was paid to the direct sellers as commission for selling the products and almost 200 crores to the Central and State Govt. as various taxes like GST, Income Tax, TDS etc. They sell their products through a direct selling/multi-level marketing model, a legitimate economic activity per Consumer Protection Act 2019, and Govt. of India-issued Direct Selling Guidelines, 2016. The Government is on the verge of issuing Consumer Protection (Direct Selling) Rules, 2021. Though the Govt. of India and NITI Aayog publicly stated multiple times that the Direct Selling industry is a scope for the coming days and this industry can accommodate the opportunity-seeking youth of the country, but the steps initiated by them till now are not enough to protect the interest of the young job aspirants and the companies who are ready to provide the opportunities. Due to the lack of such clarity and proper education on the part of the law enforcement agencies, the future of the young aspirants and the companies are in darkness. ]]> Mon, 28 Nov 2022 07:28:59 +0000 Indusviva News 1 http://www.solitaire.sblinks.net/News/indusviva-is-back-in-business-indusviva/ http://www.solitaire.sblinks.net/News/illegality-of-direct-selling-myth-or-truth-indusviva/
Direct Selling refers to marketing, distribution and sale of goods or providing services through a network of people. The roots of Direct Selling can be trailed back to the United States of America, which is known as the ‘Motherland of Direct Selling'. Unfortunately, the growth and success of this industry led to the development of fraud money circulation schemes in the name of Direct Selling. Since its inception, the industry has started facing several issues. It is often mistaken as a money chain or money circulation because there is a thin line between the two, similar to water and acid. You can't distinguish if you don't taste it. The absence of specific laws and norms to regulate direct selling companies was the reason behind this misconception. The ordinary people failed to notice the significant difference between Direct Selling and money circulation; the former compensate the direct sellers based on the sales volume generated, whereas the latter pays merely based on the recruitment.
In 1979, one of the pioneering companies in the Direct Selling industry, Amway, was identified as a legitimate business organization by the US Federal Trade Commission. Still, it took few decades for this giant to get this clean chit.
During the mid-1990s, the new model of economic reforms known as LPG, Liberalization, Privatization and Globalization model posed a boon for increasing revenue. In this period, Direct Selling made its way into the country with global companies like Oriflame, Amway, Avon, etc., followed by Indian companies, which became industry giants later. However, it continued to face challenges at every step. Time and again, it became mistaken as fraudulent Pyramid or Ponzi schemes. With the progress in the Direct Selling industry, money chain and money circulation schemes started taking birth just like unwanted weeds in paddy fields. People were lured in the name of quick and easy money, similar to mirages on a summer afternoon. FICCI, in association with KPMG, studied and highlighted the following causes due to this ignorance:
• Amendment in the PCMCS Act
• Need to streamline FDI policy
• Need for a clear definition
• Need for a governing legislation
• Need for a nodal ministry
The industry witnessed a revolution by issuing Direct Selling Guidelines 2016 and this new fiscal restructuring by the then Government of India through the Ministry of Consumer Affairs, under the ministry of Late Ram Vilas Paswan. It changed the horoscope of the industry altogether. Consisting of the guiding principles for State Governments to consider Direct Selling as regular businesses and appointing a monitoring mechanism to prevent any fraud in the best interests of the people involved in the business or customers was the main highlight. Following the guidelines, many states involved in this business has appointed a nodal authority for strict supervision. ]]> Mon, 28 Nov 2022 07:27:46 +0000 Indusviva News 1 http://www.solitaire.sblinks.net/News/illegality-of-direct-selling-myth-or-truth-indusviva/ http://www.solitaire.sblinks.net/News/indusviva-sets-remarkable-example-indusviva/
IndusViva Healthsciences Private Limited is a legal direct selling company established in 2014, registered under the Companies Act 1956. It follows the Central Direct Selling Guidelines 2016 and abides with the laws of the land in its conduct of operations. The company has over eight lakh direct sellers associated with it and their actions are closely watched by the company and the State Government approved Nodal authority. The company markets world-class wellness supplements that have a huge customer fan base. Despite the covid-19 crisis, the company made no layoffs or didn't make any slab in any payments; nor dues. The company has been keen on keeping the records correct and flawless.

IndusViva, a Direct Selling company in Bangalore, created history on 26th July 2021.

On 26th July 2021, the Hon'ble High Court of Telangana had issued an interim order to continue the business, defreeze bank accounts and release seized goods which were earlier held by the Cyberabad police, The court also set aside an impugned PD order on the important people of the company on 27th September 2021.

IndusViva claims that they will always be loyal to India and will serve the nation and its needs right, providing the best platforms to anyone who wishes to associate as a direct seller or as a customer. IndusViva has protected its direct seller's rights to sell their exclusive products from the giant company Amazon and the defamation made by Media giant Asianet. It made its comeback faster with colourful success to protect its direct sellers from going back in time where they struggled to earn a living.

IndusViva has a way of gaining trust of its people; they walk the talk like no other. Their commitment has always been permanent. Throughout these 7 years, IndusViva has proved that it stands not just for the nation but for everyone across the globe. They took the business to the United States, and become the first one to do so from India in this industry. They paid an aggregate of 200 crores as tax and embellished their loyalty to the nation. They took people closer and guided them in the right way during the pandemic, so that the associates can enjoy making a livelihood, in a better way. IndusViva has set the standards of direct selling in India high. Their strategy during pandemic, especially in the prolonged lockdown, which helped them to come back to regular business volume, shows their ability to bounce back and strength of adaptability to any crisis. ]]> Mon, 28 Nov 2022 07:25:17 +0000 Indusviva News 1 http://www.solitaire.sblinks.net/News/indusviva-sets-remarkable-example-indusviva/ http://www.solitaire.sblinks.net/News/indusviva-advocates-growth-and-entrepreneurship-indusviva/ It is said that when you are true to yourself, truth prevails; and that is true in the case of IndusViva. IndusViva is a 100% legal entity that stood by their philosophies. Inviting any agencies to test them and their products and operations against the test of time and quality was a crucial step that broadcasted their loyalty in ethical business conduct. After scrutiny and investigations here is IndusViva with its wings spread again for another flight to victory.
IndusViva Healthsciences Private Limited, established in 2014, is a direct selling company that has brought waves of changes in the health and wellness zone of holistic rejuvenation. It began the revolution with its superlative product iPulse, powered by Acai Berries. Clinically researched and identified for cardiac wellness and other crucial benefits, the product turned the table for this young and vibrant company, which has its products, now five, certified with AYUSH premium mark and GMP for good manufacturing practices.
IndusViva has been keenly following the Direct Selling Guidelines 2016 issued by the Government of India and is an enlisted company by the Dept. of Consumer Affairs. The company has great credibility in terms of its operations and has been widely identified for its professional way of handling audits in the industry. Even after abiding by each and every rule and regulation, and also being the first direct selling company to become legal in the country by procuring KVAT under the MLM category from the Government of Kerala, IndusViva had to stay in the storm and they patiently waited for the day they declared ‘Just' and worthy. IndusViva was identified for being an economic change driver during the pandemic.

IndusViva has over eight lakhs direct sellers associated with it earning their daily bread through sales of its premium certified products. It also has 120 employees in different departments in its offices across India. IndusViva has helped the country not only fight unemployment but also on the wellness scale as it shares the data of lakhs of satisfied customers who have made repurchases after presenting significant health uplift. IndusViva found its way to the United States of America with IndusViva Inc. and became the first direct selling company in India to expand at such a glorious pace; all in just 7 years.

Strategies that IndusViva followed during the period of the Covid-19 crisis stand the best. During the most uncertain of time, they stood with the people, didn't make a single layoff or slab in income. ]]> Mon, 28 Nov 2022 07:23:46 +0000 Indusviva News 1 http://www.solitaire.sblinks.net/News/indusviva-advocates-growth-and-entrepreneurship-indusviva/ http://www.solitaire.sblinks.net/News/hc-stays-ed-attachment-of-indusviva-assets-indusviva/ Hyderabad: The High Court of Telangana asked the Enforcement Directorate to cease the proceedings of Adjudicating Authority to confirm the provisional attachment on the assets of IndusViva Healthsciences Pvt Ltd.

The ED had provisionally attached the assets of the Bangalore based Healthcare company, who sells their products through direct selling. The ruling was passed by the bench consisting of Chief Justice Ujjal Bhuyan and Justice CV Bhaskar Reddy in favour of the petitioner, in a writ filed by Mr Abhilash Thomas, the CEO of the company.

The court considered the arguments of the petitioner that the ED failed to comply to sub section (3) of section 5 and (2), (3) and (5) (b) of section 6 of Prevention of Money Laundering Act.

Early last year, Economic Offence Wing of Cyberabad Commissionerate had initiated a probe against the company based on an FIR filed at Gachibowli police station followed by two more upon which the ED's case was established, and paused the daily operations of the company and froze the bank accounts. Later in July 2021, the High Court of Telangana permitted the company to de-freeze the accounts and continue their operations.

This order has come as a big relief for not only the company but also the entire direct selling industry, especially when a lot of confusions are floating around after the Consumer Protection (Direct Selling) Rules 2021 was issued. "This will boost the trust of lakhs of aspirants who want to choose direct selling as a career. We understand that the investigating agencies are performing their role and we are always ready to cooperate with them. We have 100% belief in the judicial system of the country," said the company sources.
]]> Mon, 28 Nov 2022 07:22:41 +0000 Indusviva News 1 http://www.solitaire.sblinks.net/News/hc-stays-ed-attachment-of-indusviva-assets-indusviva/ http://www.solitaire.sblinks.net/News/follow-norms-while-setting-up-pmla-panel-indusviva/
HYDERABAD: The Telangana High Court said the appointment of Adjudicating Authority under Prevention of Money Laundering Act (PMLA), shall follow the guidelines under Section 6 of Act. The authority should comprise more than one member and one of them must be a judicial member.
The court observed that unless the adjudicating authority was constituted as per the provisions of the PMLA, then there would be no legality and validity to the proceedings initiated by the said authority.
A division bench of the High Court was dealing with the petition filed by Abhilash Thomas, CEO of the IndusViva Healthsciences Pvt Ltd. He challenged the provisional attachment of the properties of the company by the Enforcement Directorate (ED) and requested to set aside the notices issued by the adjudicating authority under PMLA, which was to confirm the attachment of properties within 180 days.
Earlier, based on an FIR filed at the Cyberabad police commissionerate on charges of flouting the rules of consumer protection (direct selling) of healthcare products to the tune Rs 1,500 crore through the multi-level marketing, the ED had initiated provisional attachment orders. Later, it forwarded to the adjudicating authority under PMLA to get the approval of attachments, which is statutory.
When the adjudicating authority issued notices to the firm, its management approached the High Court challenging that the said authority was not constituted as per the rules of PMLA. They brought to the notice of the court that there was no judicial member in the authority and only one person was chairing the authority.
Going through the records, the court stayed the proceedings initiated by the adjudicating authority. But, the High Court did not agree to the request of the IndusViva Pvt Ltd to stay the provisional attachment of properties belonging to it, made by the ED. ]]> Mon, 28 Nov 2022 07:21:02 +0000 Indusviva News 1 http://www.solitaire.sblinks.net/News/follow-norms-while-setting-up-pmla-panel-indusviva/ http://www.solitaire.sblinks.net/News/telangana-high-court-order-puts-question-mark-over-ed-attachments-|-hyderabad-news-indusviva/ Telangana high court order puts question mark over ED attachments | Hyderabad News

HYDERABAD: In an interim order that may result in more litigation over cases overseen by the Enforcement Directorate (ED), a division bench of the Telangana high court has stayed the proceedings against Bangalore-based Indus Viva Health Sciences company currently being heard by the adjudicating authority under the Prevention of Money Laundering Act (PMLA).
The petitioner has challenged the ability of the adjudicating authority to come to a valid decision as it was working without the full quorum.
The ED had attached the assets of the company in cases related to multi-level marketing and is waiting for the attachment to be confirmed by the adjudicating authority.
A bench of Chief Justice Ujjal Bhuyan and Justice C V Bhaskar Reddy heard the plea filed by CEO Abhilash Thomas and found prima facie force in the argument of his
counsel Mayank Jain who contended that the adjudicating authority under PMLA should be a bench and not merely a single officer with no judicial experience.
"An adjudicating authority confirms or rejects attachments made by ED. His actions will have penal consequences for parties involved. Hence, the adjudicating authority must comprise at least two members. One should be a member (judicial) and the other should be a member technical. In the current case, the chairman of the adjudicating authority (non-judicial member) is hearing the case and there is no judicial member. In fact, a non-judicial member cannot become chairman," Jain said.
The bench, however, said that it was only staying the proceedings before the adjudicating authority and not the attachments for now. But all the orders passed by the adjudicating authority are now under a cloud and are likely to be challenged in future on grounds of lack of quorum. ]]> Mon, 28 Nov 2022 07:20:21 +0000 Indusviva News 1 http://www.solitaire.sblinks.net/News/telangana-high-court-order-puts-question-mark-over-ed-attachments-|-hyderabad-news-indusviva/