“The names of the operations listed here may include the ones listed on the Ministry of Consumer Affair’s website as compliant to the guidelines published by the Department of Consumer Affairs on the 12th of September 2016”

The list contains the names of operations identified as Scams and may be prosecuted under the Prize Chits and Money circulation (Banning) Act 1978, IPC 420, Protection of the Interest of Depositors Act for various states, PMLA, and the forthcoming The Banning of Unregulated Deposit Schemes Act 2018

Please note :

  1. This list contains names of unviable business operations which may have been initiated by the promoters intentionally (with full knowledge of implications) or unintentionally (copied without understanding the viability of commitments).
  2. These operations commit to offer un-viable returns or display misleading information on their website/promotional material/s.
  3. The marketing structure and compensation plan of the operations listed here are Multilevel (does not include the Direct and the Single level structure).
  4. This is not an exhaustive list, but contains a fraction of thousands of operations in India.
  5. This list also contains names of operations disguising money circulation by promoting intangible (Token) products which are of no value to the people paying for the same.
  6. In case an operation does not display the compensation plan on their official website, the compensation plan would be sourced from other website/s /Platforms where the operators or its agents/distributors/promoters would have displayed/posted the same. Therefore, it is the responsibility of the promoters/operators to make sure that the compensation plan displayed online is the one being followed by the company (as per the guidelines by MOCA).
  7. The details on these companies listed here including - Snapshots of the Web pages with date and time stamps, Names of the directors, Names of the Promoters/Top distributors, Addresses, Contact numbers, Compensation plan/s, Franchisee addresses, Server details, IP addresses, Name of the Software developer and support, Approximate turnover, Area of operation, Videos of the company meetings, brochures, literatures, etc would be shared on request with Investigation/Law Enforcement agencies only if requested using official email ids and contact details.

The list includes:

  1. Registered/Non-Registered entities/individuals (with the Registrar of companies in India)
  2. Individuals/entities deploying Multilevel marketing compensation plan (MLM)

The list excludes:

  1. Collective investment schemes registered with SEBI (A Collective investment scheme is any scheme of arrangement, which satisfies the conditions, referred to in sub-section (2) of section 11AA of the SEBI Act)
  2. Registered Chit fund companies
  3. Un-viable Operations deploying the Direct/Single level compensation plans with single level or multilevel structure.
  4. Entities which deploy multilevel marketing (mlm) compensation plans while promoting tangible products even though the pay-outs committed via the compensation plan are unviable (more pay-out being offered than provisioned for on the sale of products/services which are not listed as negative products on http://www.strategyindia.com/mlm-guidelines-3.html)
Report A Scam
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Total Scam Companies : 2182 | Showing 40 record(s) starting with 'N'

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z #

Sr. Company Name  
1 N Mart More Details
2 Namay Multitrade More Details
3 Nano Excel More Details
4 Narayan Helping System More Details
5 Nascent India More Details
6 National Info Service More Details
7 Natureincare.com More Details
8 NBR Power More Details
9 Nectar More Details
10 Needs Investment Org More Details
11 Nest City Cash More Details
12 Net Blazer More Details
13 Net friends .us More Details
14 Nett Bit More Details
15 Netwex Coin More Details
16 Network 009 More Details
17 New Ays Global More Details
18 New Lights More Details
19 New Revolution More Details
20 New Top 10 More Details
21 New Trend Recharge More Details
22 Newyork Fund Support Sys More Details
23 Nex Money More Details
24 Next on India More Details
25 Next Toss More Details
26 Next US Life 5000 More Details
27 Nicolas Trade More Details
28 Nishka Group More Details
29 NNN india More Details
30 No Fake Donor More Details
31 No Risk Income Fix More Details
32 Noble 8 Revolution More Details
33 Nomisha More Details
34 Non Stop Money More Details
35 Nonstop Money More Details
36 Nord Forex More Details
37 Norton Sales Private Limited More Details
38 Nova India More Details
39 Nova Trades More Details
40 NPS Life More Details