As a matter of fact that in the North Eastern Region particularly in Manipur and Nagaland States one of the major investments made by the public are made into the various schemes of Net- Working Companies, which have mostly turned into defaulted companies violating the law of the Country by committing a financial crime and cheating the investors and the public. It is another form of extortion, looting and scam. The Government must come up with the enactment of laws to protect and secure the investors. The Government and the authority must pay due attention and the appropriate action must be taken up upon such cheated companies in the interest of the investors.
To book the defaulted companies a proper establishment of documents and records are required that have in the Region so as to bring to the knowledge of the authorities and the public. Some basic information’s may be extracted like:-
- List of such defaulted companies with their particulars.
- Total amount of money invested into such companies.
- Total No. of Investors invested into such companies and the amount of lost incurred out of the investment made into.
- The list of the companies key players like agents/franchise through whom the company’s plan were introduced in the region whereby the people has join the Net-Work.
It is very surprising that such companies’ agents, franchises and the top liners of the Networking schemes who are mostly the leaders of the society, wealth to do persons, Government Officials, Professional, personally capable etc are remaining silent now, trying to hide away from the face of the investors and the public when the companies vanished away with the huge fund of the public. They have preach and convince the commoners to join the network by assuring so much that the companies are the genuine and legalized corporation that will never cheat the people or run away through which the investors are been wooed or lured over to be the part of the network promising big immediate benefit out of the investment to be made into. They must be active at this situation too as they were active during the launching of the networking schemes and during running in full swing getting good benefit out of the down line joiners rather than remaining silent, escaping and find the lame excuses when approach and enquire by the investors about the matter.
The investors has every right to get back their invested money from the companies or else from the franchises or agents as they are the authorized person directly representing the companies having equal responsibility in returning back of the investors’ money in case the company failed to do so. The investors instead of losing hope must take full advantage of law of the land to book the defaulting agents/ franchises. Conducting of meeting, workshop, seminars and legal consultation are needed on the part of the investors and the concern public in order to come up with the strategies to book the defaulters for proceeding necessary legal formalities to sue them (defaulting agents/companies) in the Court of law. In the context of global village where can those cheating companies and its players escape from the long hand of laws wherever they may be.
To book the defaulted companies a proper establishment of documents and records are required that have in the Region so as to bring to the knowledge of the authorities and the public. Some basic information’s may be extracted like:-
- List of such defaulted companies with their particulars.
- Total amount of money invested into such companies.
- Total No. of Investors invested into such companies and the amount of lost incurred out of the investment made into.
- The list of the companies key players like agents/franchise through whom the company’s plan were introduced in the region whereby the people has join the Net-Work.
It is very surprising that such companies’ agents, franchises and the top liners of the Networking schemes who are mostly the leaders of the society, wealth to do persons, Government Officials, Professional, personally capable etc are remaining silent now, trying to hide away from the face of the investors and the public when the companies vanished away with the huge fund of the public. They have preach and convince the commoners to join the network by assuring so much that the companies are the genuine and legalized corporation that will never cheat the people or run away through which the investors are been wooed or lured over to be the part of the network promising big immediate benefit out of the investment to be made into. They must be active at this situation too as they were active during the launching of the networking schemes and during running in full swing getting good benefit out of the down line joiners rather than remaining silent, escaping and find the lame excuses when approach and enquire by the investors about the matter.
The investors has every right to get back their invested money from the companies or else from the franchises or agents as they are the authorized person directly representing the companies having equal responsibility in returning back of the investors’ money in case the company failed to do so. The investors instead of losing hope must take full advantage of law of the land to book the defaulting agents/ franchises. Conducting of meeting, workshop, seminars and legal consultation are needed on the part of the investors and the concern public in order to come up with the strategies to book the defaulters for proceeding necessary legal formalities to sue them (defaulting agents/companies) in the Court of law. In the context of global village where can those cheating companies and its players escape from the long hand of laws wherever they may be.
