Is Qnet Legal in India 2020

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To answer this question and dispel these QNET rumors, it`s important to first understand the difference between a legitimate direct selling company and a Ponzi scheme. The main difference is that in an illegal Ponzi scheme, you get a commission to recruit more people from among them; While in a true direct selling business, commissions are only paid on the basis of the sale of products. Even if a person has a large network of people under his command, but has not sold or bought any product, he does not earn commissions. It operates legally in some countries, but has been in charge of the Ponzi scheme and multi-level marketing in countries like India. [3] [4] [5] The Indian government and the Indian telecom regulator banned the location in India after a protest spread to Bangalore. [6] [7] [8] Yes. Becoming a QNET India and direct seller for QNET India is completely legal in India. QNET is a company registered in India and operates through its sub-franchisee, Vihaan Direct Selling India Pvt. Ltd. The company is incorporated under the Companies Act 1956 and has company number U52399KA2011PTC060730. Since its opening in 1998, Qnet (then Questnet) has mined gold and silver coins. The activity of collecting coins has been banned in some countries. Although the company is registered in Hong Kong, it has not operated there or in China.

The majority clientele is still located in India and some African countries. A few years later, Questnet changed its name to Qnet and offered additional products via the MLM system. [32] It advertises its products with claims “that would not officially exist in much of the world.” [12] Although an ordinary retail customer claims to be an e-commerce business, they can only purchase a product if they have a reference ID from an independent Qnet representative. [33] Qnet used websites such as,, and to conduct its business. These were blocked by the Indian Computer Emergency Response Team (CERT) after a court order. Other websites such as are under investigation. [34] [35] Ponzi schemes are illegal and the vast majority of their participants lose money. They rely on recruiting new reps rather than selling products to make a profit, charge members high upfront fees, and convince them to buy large amounts of inventory that won`t be returned. Their products usually have little or no real value. When QNET was founded in 1998, it offered only one product: commemorative gold coins.

Instead, it offers hundreds of products in different categories, including health, wellness, jewelry, and travel. It also operates in countries with the most demanding and stringent laws and regulations for this industry, including Singapore, Hong Kong and Germany. In addition, the direct selling company ensures that its activities are fully legal and comply with local laws. QNET has been labeled a Ponzi scheme or fraud, but the company has refuted these claims in a variety of ways, including through legal victories. Ponzi schemes are illegal, while QNET is a legitimate direct selling company recognized and accepted by several direct selling associations that require a high level of compliance and a strict code of conduct. Add to that compliance with local regulations in all countries, paying taxes, community engagement, and reinvesting in the local economy. Rwanda banned QuestNet in 2009 for violating the law after the National Bank of Rwanda labeled the company a Ponzi scheme. [83] [84] Questnet appealed and was granted his release on condition that he obey the laws of the land. [38] [85] [86] In Côte d`Ivoire, Qnet IRs were arrested in San Pédro. [265] [266] [267] It helps make millions of people`s dreams come true It helps build people The company announced its sponsorship of Team Meritus, a Malaysian motorsport team, and became a sponsor of the Commonwealth Heads Of Government Meeting Business Forum in 2007.

[23] Between 2007 and 2012, Qnet`s direct sales increased by 70%. [12] In Saudi Arabia, the government has banned direct selling and the entire network marketing industry. QNET was not singled out. However, at one point, we were one of the fastest growing direct selling companies in Saudi Arabia and had gained considerable notoriety. For this reason, the media had often mentioned QNET when reporting on the general ban on the industry in the country. Algeria`s Jijel province destroyed Qnet`s network, saying recruits had been promised trips abroad. [185] 15 women suspected of belonging to Qnet were arrested in Annaba state. [186] Three IRs were arrested in Mostaganem. [187] (1) It contains a strict code of conduct and a code of ethics for suppliers and distributors to ensure consumer safety. QNET India fully complies with the 2016 Direct Selling Guidelines. These guidelines were introduced by the Government of India to strengthen existing regulatory mechanisms for direct selling.

QNET India has always been willing to meet all the legal requirements that the country has introduced. It also makes it mandatory for its merchants to pay their taxes in accordance with local laws. In Saudi Arabia, Qnet IRs have been arrested in Mecca,[258][259], Riyadh,[260][261] and Najran. [262] [263] [264] Unfortunately, direct selling is still poorly understood in many countries, so challenges are part of the course. So, like any other type of business, QNET has faced some challenges in new and emerging markets. However, QNET is not currently banned in any country. In Saudi Arabia, the entire direct selling industry is banned. Some media outlets have mentioned QNET in their reports, so it seems that QNET in particular is banned, but this is not true. Companies often change their name for reasons such as branding, variations in business areas, and marketing.

In our case, this was done for strategic business purposes. When QNET was founded in 1998, it offered only one product: commemorative gold coins.