What is the legal openion on quest net enterprises india pvt ltd doing it's network bussiness in india?
Answers:
The GQI Customer Referral Plan is LEGAL in all aspect..we are of the view that such condition is not satisfied in the GoldQuest Referral Bonus plan... Accordingly, we are of the opinion that the GoldQuest Referral Bonus Plan does not contravene The Act."
Lee & Lee Solicitors (Singapore)
The Act refers to the Multi-level Marketing and Pyramid Selling (Prohibition) Act legislated in Singapore.
GQ has been holding daily business opportunity meetings and its marketing arm V-Team International has been holding training seminars in public at star hotels, in many countries. If GQ were illegal, the host governments would have long ago put a stop to all its activities. Moreover, if this business were a scam, more than 20,00,000 customers would have filed lawsuits against the company. But hey look, GQ is getting better and stronger everyday! Where ever problems have come due to enormous increase of customers, GQI has taken up on top level to legalize the plan. This is what exactly happening recently in Bahrain. When there was a delay in sorting out the problems that have surfaced in Dubai, GQI has immediately opened an office in Abu Dhabi.
GOLDQUEST has an authorized Legal Department in-house that deals with all legal issues. The team operates out of Hong Kong, and is headed by the versatile Mr. Royce Lane. Mr. Lane was the former Queen's Council in New Zealand for more than ten years, and he has spearheaded this operation right from the beginning. Since all the aspects are closely monitored by company
If it is a MLM business, it is not legal in India.
On 19 th of this month, a Division Bench of Andhra Pradesh dismissed petitions filed by Amway wherein Amway prayed that the raids by CID of AP police department be stopped.
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