One of our readers Mr Arun writes:
Being chairman of IHR Association, he is cheating people with fake promises.
http://ihra.co.in/upload/
But for many they stopped sending bonds, what is the guarantee for money, In india MLM is not legal I know, but, at least if we buy food from a small road-side hotel they give a bill on a paper, but, what about this company.In the agreement what they put in the Net is like this:Actually the company got 42,000 joinings in a single day on March 31 as they gave an offer saying that no need of purchase for an associate who has joined before March 31, others have to purchase products worth 72,000/- within 4 years for getting this bonus of 11,000.
One question how many people will have knowledge of net and computers, many might have joined by force, emotional joining, out of pressure, for pleasing a friend etc. They don’t remember their password, login, details, cell number to enter in the time of registration in NMart, but, now how can they log in and get a printout form the site,
Many poor Indians don’t know net and computers etc.
16 , 25, 50 and 1 percent commission.
5. They promised big gifts, but it is a doubtful they are giving or not.Only few that is in 10 percent will earn money in MLM, that is, once food is poison for others.
Associate to create the onlineIndependent Business Associate AgreementM/s NEWLOOK MULTITRADE Pvt. Ltd.“Nmart” refers to a division of NEWLOOK MULTITRADE PVT LTD, 3rd Floor savera
Thus, both the parties herein once again believes and understands to proceed in thisit is sole responsibility of Independent Business Benefits4. Credit for the last month has to be settled by 7th of every month. Credit can be5. If any Independent Business Associate fails to settle credit account in specified6. Independent Business Associate will get Commission according to our compensation7. Independent Business Associate who has a purchase account of less than 488. This agreement stands good for availing services to Four-year period only.
Dear Shyam garu,
I appreciate your struggle against MLM is good and nice. Here is the MLM, NMart fraud.
The chairman of NMart is Mr.Gopal Shekhawat, chairman of Asia Region of Internatinonal Human Rights Association.
The membership of this human rights association is available for Rs 5000, keeping this label this NMart is cheating people.,
http://ihra.co.in/upload/
NMart is fooling people.
We joined NMart without knowing this long term long fraud. They said that they would give Rs. 220/- vouchers for redemption at NMart stores for getting products, as of now it is going well and good. They said that they will give Rs 11,000 as royalty bonus and for that they would send bonds for Rs 11,000/- to all upline members.
Many lakhs have not received the bond or agreement form the company, for 11,000.
Now when we ask they say that there is scarcity of bonds with government. Ok, we agree. The company has to give an agreement on a bond paper but the customer care says that they will pay 11000 after 4 years.
Moreover, the company is asking us to take printout of the agreement form from their website.
How will a printout from a website be a legal document?”
Whatever cyber law is applied it is not valid in a court of law,
How is it legally valid what we have taken from the Net, it is not valid as anyone can make modifications from the Net.
Why can't the company send printed agreement of the promised Rs 11000 and next the company made an advertisement in the website www.nmart.co.in saying that the associate who
joined the company before March 31 will get Rs. 11000 at the end of 4 years and no compulsory purchase is needed.
7. Independent Business Associate who has a purchase account of less than 48 months will not get loyalty bonus.
Now they changed their promise and they print in the e-agreement in the website of associate login saying that “Independent Business Associate who has a purchase account of less than 48 months will not get Loyalty bonus.
Is this not a cheating?
Cheating of NMart as of now..
1 .Promised that they will pay Rs 11000 without purchase of products in NMart for associates who joined in January 2011 to March 31, 2011. But they say that each associate has to purchase products if they have a mall of NMart within 20 km radius, but, now they say in clause No. 7. Independent Business Associate who has a purchase account of less than 48 months will not get Loyalty bonus”
2. Next fake is that they printed vouchers and gave it for 1 year out of 4 years , for purchases of 220/- worth products, now they say that this coupons will stand cancelled and asking associates to upload photos in website and login and take a printout of the voucher in website.
Many people who joined them in NMart died, transferred, shifted etc. Who will have the password and contacts of the associates, how can this poor associate take a printout and get Rs 220 products.
3. They said they will give a smart card, loyalty card for transaction they have not sent it till date. It is doubtful they send in future.
4. They said that they will get repurchase income for associates, that is, if associates under a joined person, who have a 20 layer people , who are called down line, if the down line purchase products , the up line will get commission on products as this manner
But till today this amount is not counted. Is this not cheating?
Have a look at the tricky agreement put in their website of the login of associates
purchase account immediately then only NEWLOOK MULTITRADE recognize the details
according to the online purchase account hence NEWLOOK MULTITRADE will not be
liable for any loss of bonus, income or commission due to the late creation of online
purchase account.
The following are the terms and conditions for an Independent Business Associate of
Independent Business Associate” refers to, : XXXX S/o , R/o XXXX
(Hereinafter called as the “Independent Business Associate” which term shall mean
and include their heirs, executors, successors, administrators, legal representatives
and assigns etc., of FIRST PART) AND
complex, opp. Krishana Petrol Pump, Udhana-Navasari road, Surat, Gujarath.
(Hereinafter called the “Nmart” which term shall mean and include his heirs,
executors, successors, administrators, legal representatives and assigns etc.,of
SECOND PART.)
Legalities we understand
NEWLOOK MULTITRADE is a registered company, registered under the company’s Act,
1956, having understood by both the parties herein on the following legal information
stated below:
1. It is believed and understood that, the Government of India in its letter vide
No.F.No.21/22/2001 Dt. 09/04/2003 & D.No.21/22/2001 Dt. 31/03/2003,
categorically stated that “the inapplicability of the provisions of the Prize Chits Money
Circulation Schemes (Banning) Act, 1978” to direct/network/ multilevel marketing,
does not come under purview of Police (criminal) action who carries a marketing
business of selling the products/goods similar to this Nmart.
2. It is also believed and understood that, the Hon’ble Supreme Court of India, in its
judgment reported in 1982 SC 949 & 1988 SC 492, categorically passed a historical
verdict, stating that the Police (criminal) action has no consequence on these type of
companies, so as also, in another judgment reported in 2006 Crl.L.J.1961 by the
Hon’ble High Court of Patna (Bihar) that, even these type of Companies have only
consequence in Civil nature of Litigation.
Marketing Business, since it does not suffer from any legal complications as indicated
herein above. Hence entered under the following terms & conditions.
Independent Business Associate.
1. NEWLOOK MULTITRADE accepts payments against its goods/products/services as
an advance payment to deliver the goods/products/services, thereafter issues the
PVC (Payment Verification Code/ E-pin) immediately to the person who has sent the
payment subject to verification and acknowledgement of the remittance only.
Subsequently, the online purchase account will be created by name as an Independent
Business Associate to the NEWLOOK MULTITRADE and will get started with those
facilities and benefits subject to online purchase account has been setup.
2. NEWLOOK MULTITRADE will only be responsible for sending the PVC/E-pin to the
respective Login ID of the person who remits payment into the company’s account and
3. The minimum advance amount for
purchase to become an Independent Business
purchase to become an Independent Business
Associate of NEWLOOK MULTITRADE begins with Rs. 5500.00, after submission of
company’s application, its rules and regulations under terms and conditions duly
signed by the IBA together with this agreement.
Purchase
1. Nmart acknowledge the payment of Rs {4.RegistrationAmount}/- that has been
received from the Independent Business Associate who’s NEWLOOK MULTITRADE ID
{5.Username} is against the purchase of our products.
2. NEWLOOK MULTITRADE will provide a purchase account under the login section of
website www.nmart.co.in and this payment will reflect in terms of advance products
coupon to purchase goods/ products.
3. Independent Business Associate has to take the printout of the agreement from the
login section and after signing on all the pages, has to send to the company along with
their copy of PAN and address proof to become a verified Independent Business
Associate, further understands that verification is must to receive the payout from the
company, in case of delay in verification NEWLOOK MULTITRADE will hold the payout
until the verification process is completed.
1. Independent Business Associate will get Nmart Loyalty bonus of Rs.11, 000 after 48
months of purchases. NEWLOOK MULTITRADE will try its level best to give maximum
bonus not less then Rs.11, 000.
2. Each associate will get free purchase voucher of Nmart stores worth Rs.220/- each
month for 48 months, which can be redeemed at any Nmart retail outlet across India.
3. Independent business Associate will get credit facility of Rs.1500/- max. for every
month,
availed from any Nmart stores across India including compensation plans shown in
broacher.
duration, Nmart will hold all credit facility, free purchase vouchers and Loyalty Bonus.
plan as mentioned in our website www.nmart.co.in
months will not get Loyalty bonus.
WHEREAS:
2. Independent Business Associate must be of above 18 years old on the date of3. Management reserves right to accept or rejects/cancels the Independent Business4. The Independent Business Associate will not be permitted to avail more than one ID5. Independent Business Associate agrees to present NEWLOOK MULTITRADE businessNEWLOOK MULTITRADE website. Independent Business Associate will make no claims6. Independent Business Associate agrees not to disparage Nmart, other NEWLOOK7. Independent Business Associate understands that the information given on the8. Independent Business Associate agrees to not utilize SPAM in promoting Nmart.{6FullName}
1. Independent Business Associate agrees that the NEWLOOK MULTITRADE
Independent Business Associate is an independent contractor, and not an employee,
agent, partner, legal representative, or franchise of NEWLOOK MULTITRADE
Independent Business Associate further agrees not to incur any debt, expense,
obligation on behalf of, for, or in the name of Nmart.
agreement.
Associate ship whenever it feels reasonable.
on his/her name.
plan and NEWLOOK MULTITRADE products and services as set forth at the official
regarding potential income, earnings, products or services beyond what is stated at
the official NEWLOOK MULTITRADE website. Independent Business Associate further
agrees not to reproduce commission checks or distribute commission checks in any
form or by any means.
MULTITRADE Independent Business Associates, NEWLOOK MULTITRADE products,
NEWLOOK MULTITRADE Business Plan, NEWLOOK MULTITRADE employees or
NEWLOOK MULTITRADE Independent contractors. Independent Business Associate
understands that disparagement may result in the immediate suspension or
termination of Independent Business Associate’s purchase account with a cancellation
of any pending commissions.
website www.nmart.co.in is the latest and it will be only applicable regarding our plan,
products and services. Independent Business Associate further understands that any
printed material regarding our plan, product and services which is available in the
market may have been outdated, so please visit our website frequently for latest
updates regarding our plan, products and services.
This action may result in the immediate suspension or termination of Distribution
account with a cancellation of any pending commissions. Independent Business
Associate will also be in violation of the NEWLOOK MULTITRADE Distribution
Agreement and subject to legal action and be held liable for any financial loss incurred
by Nmart. Any service interruptions to NEWLOOK MULTITRADE as a result of
Independent Business Associates spamming will be billed to Independent Business
Associate at Rs. 10000 per hour until service is restored. For the purpose of this
agreement SPAM is defined as emailing ANYONE, in bulk or by single mailing, about
Nmart, who has not specifically requested the information directly from Independent
Business Associate. The ONLY exceptions to this are:
Mailing to APPROPRIATE OPT-IN mailing lists where the sources do the mailing on
Independent Business Associate’s behalf AND you do not advertise an NEWLOOK
MULTITRADE - provided Gateway URL.
However, use extreme caution when choosing an opt-in mailing list company. Using
anything but the most reputable sources could generate spam complaints against
Independent Business Associate resulting in suspension or termination.
You may include information on NEWLOOK MULTITRADE in email Acknowledge
Messages for orders and inquiries that you receive so long as it is stated upfront that
you will be sending them an acknowledge. NEWLOOK MULTITRADE also considers any
type of advertisement about NEWLOOK MULTITRADE posted to a Newsgroup or Chat
Room to be spam. Violators may be fined at Rs. 2500 per incident.
9. Independent Business Associate agrees to provide NEWLOOK MULTITRADE with
valid email address, postal address, and copy of PAN card and address proof upon
registration. Independent Business Associate understands that the use of an Auto-
Responder email address is prohibited.
10. All payments will be made in Rupees. Independent Business Associate
commissions shall normally be paid by ECS/Account transfer/Demand Draft or
Cheques and sent out weekly/monthly. If a sale is cancelled or refundable, the related
commission will be deducted from a subsequent payment. Payment will be made after
the deduction of TDS according to Indian law. Payout will be sent through ECS to the
Bank details provided by the Independent Business Associate. Independent Business
Associate is requested to update the Bank Account and Bank Code. Providing the
wrong bank account may cause delay of payout and NEWLOOK MULTITRADE will not
be responsible for the same. Any penalty or fine or charges levied by the bank shall be
born by the Independent Business Associate due to insufficient/ inaccurate information
given by the Independent Business Associate.
11. Independent Business Associate agrees to receive NEWLOOK MULTITRADE email,
and restricted to sales reports, training, newsletters, plus messages.
12. NEWLOOK MULTITRADE will make every reasonable effort to track and pay
commissions for all sales that apply to Independent Business Associate. However,
NEWLOOK MULTITRADE is not responsible for technical problems, acts by third
parties, or other events outside our reasonable control which may temporarily disrupt
or diminish this service.Independent Business Associate understand that Independent
Business Associate tracking can never be 100% accurate and NEWLOOK MULTITRADE
is not responsible for inaccuracies that might occur beyond its control. Tracking of
Independent Business Associate sales depend on several factors, technical and
otherwise, which are out of the control of Nmart. It is the goal of NEWLOOK
MULTITRADE to make Independent Business Associate tracking as accurate as
possible; however, NEWLOOK MULTITRADE cannot guarantee 100% tracking for
situations beyond its control.
13. To protect NEWLOOK MULTITRADE customer privacy, if deemed necessary,
NEWLOOK MULTITRADE reserves the right to withhold identifying customer contact
information from Independent Business Associate.
14. NEWLOOK MULTITRADE reserves all rights in or to its trademarks and services
marks but may be used by Independent Business Associate in accordance with this
agreement. Independent Business Associate may in no way display NEWLOOK
MULTITRADE logo, image or trademark that may be distasteful, misrepresented or
subjecting to deterioration.
15. Independent Business Associate shall follow NEWLOOK MULTITRADE advertising
guidelines and agrees not to misrepresent NEWLOOK MULTITRADE products and
services. Independent Business Associate agrees to use only NEWLOOK MULTITRADE -
approved ads. You may submit your own ads for Nmart’s approval. They must be
approved however before you can publish them.
16. Independent Business Associate may not assign rights or delegate duties under
this Agreement without the prior written consent of Nmart. Upon request NEWLOOK
MULTITRADE will provide Independent Business Associate with guidelines for the sale,
transfer or assignment of Independent Business Associate with guidelines for the sale,
transfer or assignment of Independent Business Associate NEWLOOK MULTITRADE
business.
17. NEWLOOK MULTITRADE shall not be held liable for any indirect, incidental, special
or consequential damages or any loss of revenue or profits arising under or with
respect to this Agreement or program, even if NEWLOOK MULTITRADE has been
advised of the possibility of such damages. NEWLOOK MULTITRADE aggregates
liability arising under or with respect to this agreement or the program shall in no
event exceed the total commission paid or payable by NEWLOOK MULTITRADE under
this agreement.
18. NEWLOOK MULTITRADE reserves the right to amend, modify, and terminate this
1. Party No. 1 : XXX 1. 2. Party No. 2 : Newlook Multitrade Pvt. Ltd.
agreement at any point of time with out any notice. The Term of this Agreement shall
stand good for a period of one year from the date of execution of this agreement and
shall automatically be renewed after every year without further consents of parties
unless either party has terminated this Agreement by written notice to the other. If
terminated, outstanding commissions at time of termination shall be paid in the next
payment so long as the Independent Business Associate did not violate the terms of
this agreement. Payment of the final commission to the Independent Business
Associate may be with held for a reasonable time in order to ensure that the correct
amount is paid.
19. No Refund Policy: The purchase amount paid towards goods/products/services
offered shall not be refunded under any circumstances and Independent Business
Associate can take back his/her 100% goods/products/services if the purchase coupon
has not been redeemed and has not violated any clauses mentioned in this
agreement.
20. Jurisdiction: In the event of any dispute arising between the Independent Business
Associate and NEWLOOK MULTITRADE relating to any matter connected with this
agreement or with regard to appointment as an independent Business Associate of
NEWLOOK MULTITRADE or the subject thereof or in relation thereto and whether as to
construction or otherwise, the same shall be referred for Arbitration and Conciliation
Act, 1996. The company shall appoint a Sole & an Independent Arbitrator whenever
any such dispute arises. The award made by the Sole Arbitrator shall be final and
binding on both the Independent Business Associate and Nmart.
The jurisdiction for the purpose of any litigation shall be the Jurisdiction of Surat,
Gujrat state Courts only.
Both the parties herein consents with each other, agrees the above terms & conditions
under this agreement by enjoying sound health with out any compulsion and under no
duress, entered also within the meaning and ambit of Cyber Laws of the Information &
Technology Act, 2001 or any other laws of this land made on the 3 Day of February in
year 2011.
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