The government yesterday awarded licences to four Multi-Level Marketing (MLM) companies to operate their business in the country.
The companies are 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 licences.
The companies have already showed their presence on the web, according to licence document uploaded on the website of Rich Business System Limited.
The licences were issued on March 5. Registrar of the Joint Stock Companies and Firms (RJSCF) issued separate letters to the companies while rejecting 17 others, according to commerce ministry sources.
Meanwhile, controversial Density has submitted an appeal to the commerce ministry for the licence.
Multi-Level Marketing (MLM) is a marketing strategy in which the sales force is compensated not only for sales they personally generate, but also for the sales of the other salespeople they recruit.