The controversial multi-level marketing (MLM) company Destiny2000 Ltd has sought more time from commerce ministry to present its document to obtain licence, official sources said.
On March 9, the company’s licence appeal was rejected along with 16 others by Registrar of the Joint Stock Companies and Firms (RJSCF).
The commerce ministry officials said the ministry’s appellant committee did not allow the Destiny to operate in the country because the matter is now pending in court as the Anti-Corruption Commission (ACC) has already filed several cases against activities of Destiny high-ups.
“We have asked the Destiny authorities to present their status as the MLM company on April 13 and the hearing will be held on April 27,” said an official.
Destiny’s lawyer Md Selim Reza said they will get more time for more hearing.
He said he was only making sure that the Destiny is complying with the company law.
The commerce ministry’s first hearing of controversial MLM Company Destiny was on April 6 but the Destiny officials wanted more time for hearing.
On March 5, the government awarded licences to four MLM companies to operate their business in the county.
RJSCF issued licences to MLM companies on the same day and sent separate letters to the firms. It rejected licence appeals of 17 others including the Destiny. The companies who got licences included Sadhin Online Public Limited, World Mission 21 Limited, Rich Business System Limited and MXN Modern Herbal Food Limited.
A total of 21 firms had applied for the licence.
