Direct selling company QNet has had its fair share of trouble in India in recent years.
The allegations range from cheating to being in violation of the Prize Chits and Money Circulation(Banning) Act (PCMC Act).
QNet has spoken out strongly against these allegations and insisted that it is a legitimate direct selling company.
Till recently, there was no recognized nodal authority for this industry and till date, there is no legislation to govern or regulate this business.
Despite these challenges, a report from the World Federation of Direct Selling Associations shows that India generated over USD 1 billion in revenues through the direct selling sector in 2017.
Ltd is not a money circulation scheme as alleged and does not fall under the purview of the Prize Chits and Money Circulation (Banning) Act 1978.
Qnet India got a breather is the latest court order. Direct selling company QNet has had its fair share of trouble in India in recent years. Quite a few news articles in most major publications refer to various investigations and legal challenges faced by the company.