Kota conference updates-2nd july,11

Here are some highlights of The KOTA Seminar held 2nd July 2011 with Mr. Chirag Bhandari (Zonal Manager, North & West), Mr. Anil Raka (Regional Manager, Rajasthan) & Mr. Vijay Yogi (Area Manager, Kota)...................................


1. Payouts will be start from the last week of the july-2011 onward & the PE in India will also complete till the end of the July-2011.


2. TDS will be applicable for every cash request after PE in India.


3. As per Mr. Chirag, this is the 2nd phase of the company 3rd, 4th & 5th phase of the company are in under process and these all phase will be launch very soon, by which many new Earning Option are going to come at the website for the panelists.


4. New website is going to launch on 10 July-2011 with many products.


5. At the time of new website an option will be there by which one can quit from the company if he/she is not satisfied with the company and don't want to continue, if he/she will do so the fee amount will be return to him/her (sub to not earned any amount from SAOL, if he/she has earned any amount from SAOL the balance amt will be refundable).


6. New Earning options are (a) Product Sale for you and others also (b) Travel Option for you and others also (c) Insurance Policies (d) Narrow Casting, (Mostly options are with the BINARY System and most important that all the other options apart from survey will be optional not compulsorily).


7. The Survey Income will be remain same as it was earlier you can burn your survey income for any other option, if you wish to do so.


8. Price & Gift distribution are under process soon this will be done.


9. The office of SPEAK ASIA will be start very soon at Mumbai.


A great future is waiting for you with SPEAK ASIA,


All the very best guys hope each things will take place in time, and you all will be with deep pockets very soon.

'speakasia' search stats.

speakasia will invest $ 2.1 Cr.

1/07/11

Fellow and Dear Speak Asians,
Greetings, 
We are announcing some new measures for moving forward which reflects our consistent approach for taking the business forward along with our Speak Asian community. We wish to reassure all Speak Asians that Company is putting all its efforts in ensuring the best interest of panelist.


1. We are holding a business re-start meeting on July 9th in Mumbai . This meeting shall constitute all the Managers, Distributors of SAOL, The discussion will be primarily on the process involved for going further.


2. We are here to work with you for a great future for which a local presence will be important for moving forward as we grow together. Speak Asia is launching a new India centric website on July 10th. The site will provide information on products, services offered by Speak Asia and show case on how to burn your reward points. We regret for the delay in launch of the site which is largely due to reasons beyond our control .However we are sure that once the operations begin there is no looking back.


3. We will soon be moving into a spanking new office, our permanent establishment (PE) in Mumbai. As you read this communication , finishing touches to inspiring design for the new office are being given and this large liaison office will be the hub of our joint growth.


4. Distribution of Rewards has taken shape. Provogue Gift vouchers have been sent and utilized by panelists. Confirmations for the winners of Laptops, Television and Cell Phones are being obtained to start the distribution process in shortest possible time.


5. Soon you will see Speak Asia’s new advertising campaign. So whether you are outdoors, watching television or reading a newspaper, your company will be occupying top of mind recall with its new message about the products & services, rewards points earning and many more benefits you will get.


So keep a look out on your email box as a lot of communication will come to you from the company . 


Fellow Speak Asians, here’s to the future which belongs to ‘Our Community’ !


Team Speak Asia

PMO asks for investigation and action against Speak Asia

The RBI and the ministries have already stepped up their investigations against the MLM company 


It seems that pressure is mounting on the government to tighten the noose around the dubious multi-level marketing (MLM) company Speak Asia online Pte Ltd. The Reserve Bank of India (RBI) and the Income-Tax (I-T) department have already initiated investigation against Speak Asia and bank accounts of the company's franchisees have been frozen. 


Sources have confirmed that the Reserve Bank of India (RBI) is investigating the operations of the online survey company, which was promising Rs500 a week for just filing online surveys. The investigation would mainly look into financial irregularities, money collection and remittances abroad. Meanwhile, other pyramid schemes are also making headlines with regularity. 


Recently, the Prime Minister's Office (PMO) forwarded the complaints filed by Kirit Somaiya, former member of parliament (MP) and national secretary of the Bhartiya Janata Party (BJP) along with the complaints of party MPs Prakash Javdekar and Hansraj Ahir, to the home secretary, finance secretary and ministry of corporate affairs (MCA). In a release, Mr Somaiya said the MCA and the Securities and Exchange Board of India (SEBI) have intimated him that they have started an inquiry and investigation into the functioning of Speak Asia. 


Moneylife and its affiliate Moneylife Foundation, a not-for-profit organisation which promotes financial literacy, had sent a representation, dated 17 May 2011, to the prime minister, urging him to completely ban MLM companies in India or to bring them under the regulation of either the RBI or SEBI. We also requested urgent intervention to investigate Speak Asia for the ambiguities prevailing over its business model and source of funding. 


Moneylife columnist Veeresh Malik also filed a Right to Information (RTI) query on 14th June with the PMO, seeking to know the action taken on the representation sent by Moneylife. 


The ministry of corporate affairs had earlier said that it would not take any action against the survey company. "Speak Asia is not registered in India so we cannot initiate any investigation against it. MCA does not have any database of the company," corporate affairs secretary DK Mittal had told media persons. 


Experts point out that since the PMO has also forwarded the complaints to the ministry of corporate affairs, it remains to be seen what action the ministry will take, as they had earlier shown their inability to initiate any investigation.