Friday, January 16, 2015

Authority to issue certificates of registration of multi-level marketing is allocated to the Minist

New regulations on the management caillou game of multi-level marketing activities
Decree No. 42/2014 / ND-CP on the management of multi-level marketing activities has been issued with government regulations intended to improve effective management and supervision of the state agency for activities of multi-level marketing business, while protecting participants MLM before the deceptive practices, profiteering. caillou game This Decree caillou game shall take effect from 01.07.2014, replacing Decree 110/2005 / ND-CP.
These goods can not be business as multi-level methods include: Goods on the list of banned goods business, merchandise catalog business restrictions, goods are subject to emergency caillou game measures forced withdrawal from circulation caillou game or suspend caillou game the delivery as prescribed by law.
Goods are drugs; medical equipment; veterinary medicines (including aquatic veterinary medicine), plant protection products; chemicals, pesticides and disinfectants used in household and health; hazardous chemicals and products with hazardous chemicals in accordance with the law is not business as multi-level methods.
The decree also defined caillou game the prohibited conduct operations in multi-level marketing. Specifically, multi-level marketing business is not required to participate the MLM pay a deposit or pay a certain amount in any form to be entitled to participate in multi-level marketing network; caillou game unsolicited who want to participate in multi-level selling to buy a quantity of goods in any form to be entitled to participate in multi-level marketing network; no business being modeled pyramid ...
In addition, participants MLM nor provide false information or misleading about the benefits of participating in multi-level marketing, nature and uses of goods or operation of business multi-level marketing to entice others to join MLM ...
Decree stating, multi-level marketing activities must be registered under the regulations. Organize registration caillou game of multi-level marketing is now established caillou game in Vietnam in accordance with the law, registered retail business in the form of multi-level ...
Decree caillou game 42/2014 / ND-CP of additional provisions MLM business must have legal capital caillou game of VND10 billion. Deposits also be raised to 5 billion compared with the 1 billion under the previous regulations. Specifically, the Decree requires businesses to deposit caillou game an amount equal to 5% of the charter capital, but not less than 5 billion in a commercial bank where the enterprise is headquartered ...
Authority to issue certificates of registration of multi-level marketing is allocated to the Ministry of Trade and Industry instead of the Department as defined previously. At the same time, the Decree also supplements the provisions of the validity of the certificate of registration of multi-level sales, according to which the certificate for the first time with a term of 5 years, then now is part extended several times, each time for 5 years.
In addition, the decree stipulates now revoked certificates of registration of multi-level selling the certificate of business registration, investment certificates revoked or expired; records request for issuance of a certificate of registration of multi-level sales activities with false information; now be sanctioned for certain violations; businesses do not implement multi-level marketing activities within 12 consecutive months from date of issuance of the Certificate of registration caillou game of multi-level marketing; suspension of operation of multi-level sales exceeding 12 consecutive months ...
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