Nmart - Four Writs has been Disposed by Mumbai High Court

Nmart - Four Writs has been Disposed by Mumbai High Court

1. Writ No. WP/3279/2012

For ORDER/JUDGEMENT info : Click Here 

2. Writ No. WP/3280/2012

For ORDER/JUDGEMENT info : Click Here 

3. Writ No. WP/3281/2012

For ORDER/JUDGEMENT info : Click Here

4. Writ No. WP/3282/2012

For ORDER/JUDGEMENT info : Click Here

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Will Nmart Continue.....?

Will you belive that Nmart is going to Re Open..?

Spare your valuable time for 30seconds.....

Click on the following link...  Tick your opinion in appropriate Selection boxes....

http://www.opinionpower.com/Surveys/681061608.html

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Nmart ISO 9001 : 2008 Certificate

Nmart ISO 9001 : 2008 Certificate:

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Nmart Master Details

Nmart Master Details:

 

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Nmart CMD with Zambia Country President (FILE PHOTO)

Our CMD Mr. Gopal Shekawat with Zambia Country President Michael Sata at Nmart Head Office, Surat (FILE PHOTO)

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Polices got Notices from AP High Court in 2010 by Nmart

Earlier in 2010, 7th Town Police Station, Vijayawada, Krishna Dist, A.P. were filed a case against Nmart and the police people giving harassment to Local Nmart Leaders. Connection with Nmart has filed a Writ Petition No. 24210/2010 against 

1.Station House officer, 7th Town Police Station, Vijayawada

2.The Circle Inspector Narasaraopet PS, Guntur Dist,

3.The Director General of Police, Government of Andhra Pradesh, A.P

and

4.Government of A.P. Represented by its Principal Secretary, Home Department, Secretariat.

According to Files/Affidavits filed by Nmart the Honorable Justice N.V. Ramana was given a NOTICES to all above respondents on 29th September 2010 with M.P. No. 30984/2010 and stated that it will not come under Money Circulation Scheme and added it is come under Government Letter DO No. 21/22/2001 dated 31/3/2003.

The same you can see here....

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AP High Court Writ No. 27101/2012 has been Disposed!!!

Writ No. 27101/2012 has been disposed by the Honorable Justice KC Bhanu. Our Councel seeks  permission  to withdraw the writ petition, with a liberty to file a fresh petition.Permission is accorded and the Writ Petition is accordingly dismissed.....

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Indian Govt is Very Close to Finalize the New Rules in MLM

Indian Govt close to finalizing new rules for multi level marketing

New Delhi: The government today said it is close to finalizing new rules for multi-level marketing firms and is working on an early warning system to prevent corporate frauds. The Serious Fraud Investigation Office (SFIO) -- under the Corporate Affairs Ministry -- is working on an early warning system that would help in preventin

g corporate frauds.

Corporate Affairs Minister Veerappa Moily said the SFIO has already set up a computer lab for this.

"This is part of the ministry's vision for having enlightened regulations," Moily said, while addressing the Economic Editors' Conference here.

The analysis wing of SFIO has come out with many reports and the ministry is acting upon that information, he added.

Besides, the ministry said the new rules for multi-level marketing companies have almost been finalised.

"We had a close discussion with the Department of Financial Services in the Ministry of Finance. The Act, the Prize Chits and Money Circulation Schemes Act (Banning) 1978, under which these activities can be controlled are under their purview," Corporate Affairs Secretary Naved Masood said.

"Together, we have decided that we should have new rules to prevent these companies from getting on with their nefarious activities," he added.

The new rules have been finalised and the RBI has been consulted on the same, Masood added.

Further, he noted that the Registrars of Companies (RoCs) have been asked to be "very very alert about the activities of these (multi-level marketing) companies, particularly where they give advertisements etc..."

SFIO is already investigating alleged scam at SpeakAsia, which is registered in Singapore. The ministry had ordered the probe into it early last year.

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Latest Mumbai High Court Nmart Writ Petitions Status

Our CMD has filed four writ petitions in Mumbai High Court. 

WRIT NO. 1 : WP/3279/2012
WRIT NO. 2 : WP/3280/2012
WRIT NO. 3 : WP/3281/2012
WRIT NO. 4 : WP/3282/2012

In above four writs, three writs having 8th October as Listing Date/Hearing Date. One is posted to 29th October 2012. 

Hope All Nmartians will get good news on 8th October, because TWO Writs has come to hearing in AP High Court and THREE Writs has come to hearing in MUMBAI High Court. In total 5 writs, if any one writ comes in favour of us... there started to end the problem... 

ALL THE BEST TO ALL NMARTIANS...

WRIT NO. 1 : WP/3279/2012 and Listing Date : 29th October 2012

WRIT NO. 2 : WP/3280/2012 and Listing Date : 8th October 2012

WRIT NO. 3 : WP/3281/2012 and Listing Date : 8th October 2012

WRIT NO. 4 : WP/3282/2012 and Listing Date : 8th October 2012

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Information on Petition No. 27101 on 7th Oct 2012

nformation on Petition No. 27101 on 7th Oct 2012

01-10-2012 was the hearing of the case filed by Nmart for Petition No. 27101/2012,  But it was not pick by the court on said day due to the absense of Judge for particular Bench. and listing date given for 03-10-2012. On 03-10-2012 after hearing, it is again postponed to 08-10-2012. ... Hope monday we will get some important news....

Note: on same 8th one more our Petition No. 24210/2010 has hearing date.

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Nmart Fever in Congress..." Sakshi Telugu News Paper

"Nmart Fever in Congress..." says Telugu Daily News Paper 'SAKSHI'
More you can see it here...or in sakshi main paper, Page No. 12 on 7th October 2012

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"Govt Guideliness to MLM" Rajasthan News Paper

Rajasthan Goverment has given Guidelines to MLM to set up thier business on their state...

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Rajasthan Govt Guidlines on MLM Marketing/ Direct Selling

Direct Selling Guidelines by Rajasthan Govt:

RAJASTHAN GAZETTE EXTRAORDINARY

                                                            ON 5TH OCTOBER 2012
                                                            Industries Gr-1 Department
                                                                        Jaipur

No. F5(2) Ind/1/2012: To regulate the sale of goods and services outside of retail establishments otherwise known as "Direct Selling (Multi Level Marketing)" and to provide for protection of consumers who purchase goods and services from direct sellers, following guidelines are issued with the approval of the Competent Authority, These guidelines will come into force from the date of publication in official Gazette and will remain in force till an appropriate legislation is enacted for the said purpose.


Conditions for Permissible Direct Selling:

1. Should be a Direct Selling Entity, having sales tax/Vat, Income Tax, TDS and other licenses may be required as per the law/regulation of its principle place of business

2. Should have bank account with at least one nationalized bank.

3. Partnership Deed or Memorandum of Association should clearly state their nature of business. (Those who not have such specific clauses should get their memorandum of Association or Partnership Deed, as the case may be amended within 2months from the date of publications of these Guidelines.

4. Pay Sales Incentive at the agreed rate within the agreed period.

5. Shall display names and Identification Numbers of their authorized Direct Sellers in the official websites.

6. Should have a consumer grievance cell that should ensure redressal of consumer grievances with in 7days from the date of making such complaints.

7. Website should provide space for registering consumer complaints hassle free.

Appointments/Authorizations

1. Direct Selling Entity shall appoint/authorize Direct Sellers upon receipt and scrutiny of application in a prescribed format.

2. An agreement recording terms of such appointment should be executed between the Direct Selling Entity and Direct Seller.

3. No application should be considered unless such applicant is eligible to enter into a contact under the Indian Contract Act.

4. Each Direct Seller shall be allotted Unique Identification Numbers before granting license/permission to start Direct Selling.

More you can see on scanned paper.....

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Kerala High Court Judgement to Nmart

With the Petition No. 25122/2011,The Honorable High Court of Kerala has given the Judgement to Nmart Retails. More Details you can watch it here....

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