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New Bill Validates Networking Business, Bans Pyramid Structure
1 min 6 sec to read
October 25: Networking business, which was banned by the government and the Supreme Court about seven years ago, is all set to bounce bank within the legal framework. The networking business has got legal validity after a bill prepared to manage and regulate the direct sales of products through networking was endorsed by the parliament.
The Supreme Court had ordered the government some time ago to formulate laws to regulate networking business. As per the order, the government formed the laws related to networking business. The bill will come into effect after the president authenticates it.
Although the networking business has been given legality, the government has still banned pyramid scheme. The government had banned the pyramid structure of business after those involved in the scheme started fleecing people by expanding their network in an unregulated manner.
Under secretary at the Ministry of Commerce Ramji Daine said that the government decided to give validity to networking business as the constitution itself guarantees the right to conduct business.
According to Daine, the laws have been formulated to regulate the business and prevent fraudsters from fleecing the people.
The bill also bans syndicate and carteling and has provision for jail terms and fine for the operators of such illegal system.
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include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Elements/side_bar.ctp, line 60
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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'created' => '2017-10-25',
'modified' => '2017-10-25',
'keywords' => '',
'description' => '',
'sortorder' => '6544',
'image' => null,
'article_date' => '2017-10-25 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '6761',
'hit' => '1577'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
