Need Arise for Separate Regulation for Direct Selling Industry

Admin   |   30 December, 2014   |   1005   |   3980

In a bid to welcome the formation of inter ministerial committee to look into the direct selling issues, the industry has asked the government to frame a separate regulation after consulting all stakeholders in a time-bound manner for the sector, says a PTI report.

Besides, the India Direct Selling Association (IDSA), which falls under the Prize Chits & Money Circulation Schemes (PCMCS) (Banning) Act, has demanded for a separate legislation for the industry.

Commenting on the matter, IDSA Secretary General Chavi Hemanth said: "We welcome the much awaited action taken by the government. We hope the government will draft an inclusive legislation in consultation with the industry stakeholders. We expect the government to give out time-bound legislation."