Bill seeking to control MLM activities passed

Bill seeking to control MLM activities passed

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A bill, titled ‘Multi-Level Marketing Activities (Control) Bill, 2013’, was passed in Parliament on Monday with tough provisions seeking to control MLM activities in the country.   Commerce Minister GM Quader placed the Bill in the House that was passed by voice vote.   According to the Bill, the law has a provision of 10 years’ imprisonment and a fine of Tk 50 lakh as the maximum punishment for running such business without any licence.   It also has a provision of maximum two years of imprisonment and a fine of Tk 5 lakh for transferring any licence, fully or partially, without permission from the authorities concerned.   The bill proposes a punishment of five years imprisonment and a fine of Tk 5 lakh for marketing substandard goods.   Besides, there are provisions of punishment for violating packaging rules and charging illogical prices.   Those already running MLM activities will be required to apply to the government seeking licence within 90 days from September 2, 2013 , the date on which the President promulgated an ordinance to give effect to the law.   Under the purview of the law, the government will also enjoy power to appoint administrators for an MLM company if it is found guilty of fraud, harassment, or of ill-motives.   It also keeps the provision that the government through a gazette notification in the future can prohibit the use of certain goods and services in Multi-Level Marketing (MLM) businesses.   The law has been in effect since the President gave his consent to it on September 2 by an Ordinance. After the passage of the Bill, the Ordinance stands abolished. – UNB

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