Fidsi (Direct Selling Association) demand Amendment in PCMC Act

In an effort to bolster the economic environment of the country and the falling morale of the business community, the Department of Financial Services (DFS), Ministry of Finance, Government of India proposed to decriminalize certain Laws and Acts for which it invited comments and suggestions from the stakeholders. The Federation Of Indian Direct Selling Industry (FIDSI), representing mid sized Indian Direct Selling Enterprises was quick enough to respond to the call of the DFS by pointing out the futility of criminal prosecution of genuine Direct Selling Entities compliant with the frame work promulgated by the Government of India under the Prize Chit and Money Circulation Schemes (Banning) Act (PCMCS Act). It vehemently demanded the exclusion of genuine Direct Selling Entities from the scope of section 4 of the PCMCS Act. It would not be an exaggeration to point out that when whole country was reeling in recession caused by national lock-down, the Direct Selling Industry continued its business, unhindered, by quickly adapting to the Digital/online mode and even grew in numbers.

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