Its a topic of huge debate whether ebiz.com pvt ltd is a legal company or not??
Actually, In india there are no straight laws regarding the network marketing companies or MLM schemes. Pawan malhan took advantage of this situation and registered the ebiz from ROC Delhi.
Registration of any company can be checked at the site of Ministry of Corporate Affairs. So, no doubt Ebiz is a registered company.
But, this is not the full proof of the legality of ebiz or any company, which ebizers keeps shouting like fools. Oh! poor ebizzers.....
Any company can do fraudulent activities, instead of being registered at MCA. Remember Satyam??
We all know that lots of police cases has been filed against Ebiz. Can you guess why??
Actually, In 1978, an act was enforced named "Prize, Chits and Money Circulation (Banning) Act" which ban member making schemes (forming pyramidal structure) in India.
Ebiz clearly violates the provisions of this act....
For example: Ebiz offers prizes like bikes, computers and cars on making members quickly within a time limit, which is a clear sign that its just a member making scheme.
A senior UT police official who investigated lots of MLM companies says that, Ebiz is clearly illegal under this act as it involves quick money, membership enrollment and pyramid structure.
Also, Supreme court of India in Kuriachan Chako case clearly held that binary schemes, 1:2 sponsoring scheme by whatever name called multi level marketing is nothing but illegal money circulation scheme.
What more proof you need now after Supreme court!
Is Ebiz a pyramid scheme??
The answer is YES, it is.
When you joins a true network marketing company like Avon or Tupperware, then you become its distributor and you have to sell its products to the outside world for commission. You can also recruit other to sell the products.
But, you know what happens in a pyramid schemes like ebiz....
In ebiz, its members don't try to sell products to anyone. Instead of this, they are more interested in making the other people as its member.
Because, the clever ebizers clearly knows that the products are useless and of no value and no one will ever purchase it. Also, they join others not for selling the products but for recruiting new members.
Can any ebizer deny this fact by swearing his GOD??
Also, 1:2 ratio concept is a complete proof that Ebiz is a pyramid scheme and nothing else. Because, you are not getting commissions on your sales, but you are paid only on forming a structure. What they call it..... 'genealogy'.
All these are clear indication that Ebiz is nothing but a
money circulation scheme. If you still want to know more about pyramids schemes and how ebiz is one of them then kindly visit this
wikipedia link.
Now, lets suppose for a moment that ebiz is 100% legal and authorized company, then....
WHY police arrest the ebiz associates for promoting a legal business ebiz and file cases against them?? Are they fools??
WHY not Ebiz House is written on a BIG BOARD in bold letters at their head office, situated in Noida for which Pawan malhan spends in crores??
FEW WORDS TO EBIZERS:
I know its tough for ebizzers to believe whatever I have written here.
I can understand.... I was also like you, when I was in ebiz. I was very stubborn. I used to think that people who fails in ebiz, starts saying negative things about this company. I just refuse to listen any negative comment about ebiz or argue with others.
But, as the time passes..... I saw my downlines loosing their money, friends, precious time and finally, ruining their career. Lots of them who promoted ebiz with full dedication, gone in huge debt, instead of making money, including me as well.
Many of them leaved ebiz not because they were not doing hard work, but because they can't afford to lose more money and time and lie to their parents.
Not only my dowlines, but also my uplines were leaving ebiz one by one.
Then, I decided to explore more about ebiz and give a chance to myself to understand the point of view of those people as well who speaks against ebiz. I searched the internet as well to check the truths and lies and find out everything about ebiz in more and more detail.
And, honestly speaking, I was actually shocked after finding the reality of ebiz and its director
Pawan Malhan. I realised that I was completely brain-washed! I was following whatever my uplines says, blindly like a fool.
So, I decided to share my experience and findings about ebiz to everyone and made this blog. I have written total 6 articles on this topic to cover everything about ebiz in detail.
Finally, I humbly request to every ebizer to take out little time from your busy schedule and think about the ebiz in an unbiased way and then decide, unless its too late and you lose everything.
Its the question of your life, career and your parents expectations from you.
Hope that, this post was useful for you. Now, I welcome you all to share your views. If you have any question, then please let me know in comments.
Thank you
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