Amway News
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The attached properties include land and factory building of Amway in Tamil Nadu`s Dindigul district.
ED had recently attached immovable and movable properties worth Rs 411.83 crore.
Amway has brought Rs 21.39 crore as share capital in India in 1996-97 and till FY 2020-21.
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The largest direct marketing company Amway India on Sunday announced its entry into the consumer durables space with a premium cookware range under the label of Amway Queen.
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The Centre has decided to bar direct selling companies such as Amway, Tupperware and Oriflame from charging any entry fee from agents or compelling them to buy back unsold stocks.
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The Consumer Affairs Ministry today finalised draft guidelines for the Rs 72,000 crore direct selling industry with a view to safeguarding interest of consumers by differentiating genuine schemes from money-swindling ponzi ones.
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Amway India and Nestle India are among food business operators who have been found to have violated the regulatory and manufacturing standards leading to recall of their products or withdrawal of NoCs, the Ministry of Health and Family Welfare on Friday said.
Amway, one of the largest direct-selling FMCG companies, expects to increase domestic market share to 3-3.5 per cent from 2 per cent in the skin-whitening cream segment in the next 12 months.
American Chamber of Commerce today expressed concern over the detention of William Scott Pinckney, the India head of US-based direct-selling major Amway, pointing towards a conspiracy angle and urging for framing immediate legislation for the direct selling industry.
US-based direct-selling major Amway President Doug DeVos has sought the intervention of the Narendra Modi government for the release of the company's India head William Scott Pinckney, while asking to "restore confidence in India's investment potential".
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