Speak Asia - RBI-High Court Judgement copy-Our view

Dear Speak Asians,

Please go through few pages of the judgement of the Honorable High Court of Bombay to understand the judgment.

This is a public document and you can find it at http://bombayhighcourt.nic.in/ordjudgement.php

As per the judgment, a direction has been given by the honorable court to the RBI to give an opportunity to the SAOL for representation of facts about their business.

One thing is crystal clear from the content of the 6th paragraph of the judgment, that the SAOL is trying its level best to bring the business back to the track. It wrote a letter to the RBI on 17th May, 2011 and again replied back to it in response of their letter on 20th June, 2011. This shows that the management is doing its job diligently and pursuing the case vigorously.

NOTE : BizBasket's expert teams suggestion to all direct sellers/network marketers and Speak Asians is, they should learn about the law governing the direct selling industry and judgments passed in this regard by various courts of laws. To become a successful Network Leader you must have in depth legal knowledge of the subject. We will keep on posting various articles related to legal cases concerning direct selling so that you gain knowledge from them and educated your respective teams and create informed Networkers in your team. We hope that our continuous effort will lay the foundation of healthy growth of direct selling industry in India.