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.
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.
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.
In the agreement what they put in the Net is like this:
7. Independent Business Associate who has a purchase account of less than 48 months will not get loyalty bonus.
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.
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.
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 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.
Many poor Indians don’t know net and computers etc.
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
16 , 25, 50 and 1 percent commission.
But till today this amount is not counted. Is this not cheating?
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.
Have a look at the tricky agreement put in their website of the login of associates
Associate to create the online
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
Independent Business Associate Agreement
The following are the terms and conditions for an Independent Business Associate of
M/s NEWLOOK MULTITRADE Pvt. Ltd.
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
“Nmart” refers to a division of NEWLOOK MULTITRADE PVT LTD, 3rd Floor savera
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
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
1.It is believed and understood that, the Government of India in its letter vide