Thursday, June 9

'MCA cannot investigate irregularities in Speak Asia'

The Ministry of Corporate Affairs today said it cannot investigate alleged irregularities in multi-level marketing company Speak Asia as the company is not registered with it.

"Speak Asia is not registered in India so we cannot do any investigation against it. MCA does not have any database of the company," Corporate Affairs Secretary D K Mittal told reporters on the sidelines of an AIMA event here.

Singapore-based Speak Asia, promoted by Hariender Kaur, was incorporated last year. So far, it only has operations in India and claims to have 19 lakh members or panelists in the country.

Mittal added that Speak Asia has not applied for registration with the Ministry of Corporate Affairs (MCA).

The company charges a membership fee of Rs 11,000 for a year. It allows its members to conduct some surveys online for the firm.

Source: casansaar

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