Ministry of Industry and Trade: Nha Khac Lam has not been licensed for multi-level marketing

The Ministry of Industry and Trade affirmed that Thien Ngoc Minh Uy must cease operations in accordance with regulations and this enterprise does not meet the conditions for a multi-level marketing license.

How did Thien Ngoc Minh Uy make money and 'bloat'? Operating against the nature of multi-level marketing, Thien Ngoc Minh Uy continuously expanded his network, making money from people participating in the system.

On April 28, the Ministry of Industry and Trade officially responded to the process of terminating the operations of Thien Ngoc Minh Uy as well as the information that this enterprise transformed into a corporation, changing to a new name, Nha Khac Lam.

Announcing the results of handling Thien Ngoc Minh Uy Company on some media outlets with information about this company becoming a corporation, the Ministry of Industry and Trade said it had received a notice of termination of multi-level marketing activities of Thien Ngoc Minh Uy Company Limited (TNMU). Accordingly, TNMU terminated its multi-level marketing activities from April 26.

Based on the notification dossier of termination of multi-level sales activities of TNMU, the Ministry has issued a document requesting the company to properly and fully perform the obligations prescribed in Clause 2, Article 16 of Decree 42/2014/ND-CP and comply with the procedures for termination of multi-level sales activities prescribed in Point b, Clause 1, Article 9 of Circular 24/2014/TT-BCT.

TNMU must publicly post the notice of termination of operations at its headquarters, branches, representative offices, business locations, and website. In particular, the enterprise must notify all its multi-level marketing participants.

of its multi-level marketing participants at the headquarters and localities through branches according to the law.

The Ministry of Industry and Trade also informed that after announcing the results of handling TNMU, some media reported that this enterprise had become a corporation. Nha Khac Lam Company Limited will continue TNMU's multi-level marketing activities.

Regarding this issue, the Ministry of Industry and Trade emphasized that on March 27, the Competition Management Department, Ministry of Industry and Trade received a dossier on Gano Excel Vietnam Company Limited (enterprise code 0313233676) requesting to continue operations from April 4. Previously, Gano Excel Vietnam requested to stop operations from July 17, 2016.

During that time, Gano Excel Vietnam LLC changed its Business Registration Certificate at the Department of Planning and Investment of Ho Chi Minh City. The company changed its name from Gano Excel Vietnam LLC to Nha Khac Lam LLC and transferred the company's ownership from Ms. Bo Thi Cam Nhung to Mr. Huynh Vinh Loi.

The Ministry of Industry and Trade confirmed that Nha Khac Lam Company Limited is not licensed to organize multi-level sales.

After amending the Certificate of Business Registration at the Department of Planning and Investment of Ho Chi Minh City, Gano Excel LLC (with the new name Nha Khac Lam LLC) submitted a request to amend and supplement the Certificate of Registration for Multi-level Sales Activities to change the company name and owner.

Pursuant to the provisions of Decree 42/ND-CP, on April 13, the Competition Management Department issued Notice No. 137/TB-QLCT on confirming the notification dossier to continue multi-level sales activities of Gano Excel LLC (with the new name Nha Khac Lam LLC).

The Ministry of Industry and Trade confirmed that up to now, due to the fact that it has not completed the supplementary documents and procedures for amending and supplementing the Certificate of registration for multi-level sales activities, Nha Khac Lam Company Limited has not been allowed to organize multi-level sales.

According to Zing.vn