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Definitions:-
The following words used in these presents shall have the meaning as defined
here under:
• "ACT" means the consumer protection Act, 1986(68 of 1986)
• "Consumer" --Means who buys goods or services for personal (self) use and
not for resale or commercial purpose and shall have the same meaning as
provided under the Consumer Protection Act, 1986.
• "Prospect" means a person to whom an offer or a proposal is made by the
Direct seller to join a Direct selling opportunity.
• "Direct seller" means a person appointed or authorized directly or indirectly by
a Direct selling Entity through a legally enforceable written contract to
undertake direct selling business on principal to principal basis.
• "Network of Direct selling" means a network of direct sellers at different levels
of distribution who may recruit or introduce or sponsor further level of direct
sellers who they then support:
Explanation: "Network of Direct selling " shall mean any system of distribution
or marketing adopted by a direct selling entity to undertake direct selling
business and shall include the multi-level marketing method of distribution.
• "Direct selling " means marketing ,distribution and sale of Goods or providing
of services as a part of network of Direct selling other than under a pyramid
scheme. Provided that such sale of goods or services occurs otherwise that
through a permanent retail location to the consumers , generally in their
houses or at their workplace or through explanation and demonstration of such
goods and services at a particular place.
• "Direct selling Entity" means an entity not being engaged in a pyramid scheme,
which sells or offers to sell goods or services through a direct seller . Provided
that "Direct selling Entity" does not include any entity or business notified
otherwise by the Government for the said purpose from time to time.
• "Goods" Means goods/products defined in the Sale of Goods Act, 1930 and
section 3(26) of the General Clauses Act, 1897, is that, it shall include every
kind of movable property other than actionable claims and money and
"services" means service as defined in the consumer Protection Act,1986.
• "Saleable" shall mean , with respect to goods and/ or services, unused and
marketable, which has not expired and which is not seasonal, discontinued or
special promotion Goods and /or services.
• "cooling off period" means the duration of time counted from the date when the
direct seller and the direct selling entity into an agreement under clause 4 and
ending with date on which the contract is to be performed and within which the
direct seller may repudiate the agreement without being subject to penalty for
breach of contract.
• "Pyramid Scheme " means:
A multi layered network of subscribers to a scheme formed of subscribers
enrolling one or more subscribers in order to receive any benefit, directly or
indirectly as a result of enrollment action or performance of additional
subscribers to the scheme. The subscribers enrolling further subscriber(S)
occupy higher position and the enrolled subscriber(s) lower position, thus with
successive enrolments, they form multi-layered network of subscribers.
Provided that the above definition of a "Pyramid Scheme" shall not apply to a
multi layered network of subscribers to a scheme by a direct selling Entity.
Which consists of subscribers enrolling one or more subscribers in order to
receive any benefit, directly or indirectly, where the benefit is as a result of sale
of goods or services by subscribers and the scheme /financial arrangement
complies with all of the following:
1.It has no provision that a Direct seller will receive remuneration or incentive for
the recruitment/enrollment of new participants.
2.It does not requires a participates to purchase goods or services.
3.for an amount that exceeds an amount for which such goods or services can
be expected to be sold or resold to consumers.
4.For a quantity of goods or services that exceeds an amount that can be
expected to be consumed by or sold or resold to consumers.
5.It does not require a participant to pay any entry /registration fee, cost of sales
demonstration equipment and materials or other fees relating to participation.
6.It provides a participant with a written contract describing the "material terms"
of participation.
7.It allows or provides for a participant a reasonable cooling off period to
participate or cancel participation in the scheme and receive a refund of any
consideration given to participate in the operations.
8.It allows or provides for a buy back or repurchase policy for "currently
marketable" goods or services sold to the participant at the request of the
participant at reasonable terms.
9.It establishes a grievance redressal mechanism for consumers ,more
particularly described in clause 7 herein.
a. Explanation: 1 for the purpose of this proviso the terms "material terms
"shall means buy –back or repurchase policy , cooling off period , warranty
and refund policy.
• "Money circulation Scheme" has the same meaning as defined under the prize
chits and Money circulation Scheme Act 1978.
• "Remuneration System" means the system followed by the direct selling entity
to compensate the direct seller which illustrates the mode of sharing of
incentives, profits and commission, including financial and non financial
benefit, paid by the direct selling entity to the direct sellers, on a monthly or
periodic or yearly basis or both a the case may be.
This system for every Direct selling entity, shall:
• Have no provision that a direct seller will receive remuneration from the
recruitment to participate in such direct selling.
• Ensure that direct sellers shall receive remuneration derived from the sale of
goods or services.
• Clearly disclose the method of calculation of remuneration
• State includes a Union territory.
• Authorized Support center /Franchisee/Super store/Sales Point/Sales
Depot
A pick up points and delivery points for maintaining effective delivery system
for goods/product of the company and established by the company.
• Direct Selling Entity/Company
Means a Company namely M/s ASCLEPIUS WELLNESS PRIVATE LIMITED
and running its main business in the name and style of ASCLEPIUS
WELLNESS.
• Sales incentive
Means amount of any type of remuneration like commission, Bonus, Gifts,
profits, Incentives etc. including financial and non financial benefit payable to
the Direct Seller for effecting sale of goods /products as stipulated in the
contract between the Direct Seller and Direct Selling entity on a monthly or
periodic or yearly basis or both a the case may be. But amount of remuneration
from the recruitment to participate in such direct selling shall not be the part of
the sales incentive.
• Unique ID
Means unique identification number issued by the Company to the Direct Seller
as token of acceptance of his/her application for Direct Selling of the goods/
products of the Company.
• Password
Means unique code allotted to each Direct Seller to allow them to log on to the
website of the Company.
• Website
Means official website of the Company http:// www.asclepiuswellness.com /
WHEREAS M/s ASCLEPIUS WELLNESS PRIVATE LIMITED, a Company
incorporated under the Companies Act, 2013 , having its Registration No. CIN-
U51909DL2014PTC272296 and Registered Office at PLOT NO. 18,POCKET-
8,BLOCK-C, NEAR HDFC BANK ,SECTOR-17, DWARKA,NEW DELHI INDIA-
110075 hereinafter referred to as The Company. "ASCLEPIUS WELLNESS
PRIVATE LIMITED" takes immense pleasure in introducing first ever Retail
concept with maximum benefit for customers. The Company is engaged into the
business of direct selling through its Direct Seller and Retail Outlets as stated in
the Object Clauses of memorandum of Association of the Company.
The company having sales tax/vat, Income Tax, TDS and other license as may
be required as per the law/regulation/Guideline of its principle place of Business
and sales tax/vat and other license for each retail outlets at various states in
India. The company is also having own trademark to promote the products for
sale/ direct selling business and trademark identifies the company with the
goods to be sold or supplied.
For smooth running the business of direct selling, Company has certain rules
and regulation, marketing plan and other terms and conditions. Now in order to
simplify more, to keep more transparent, to control the fraudulent practices and
for betterment of the activities of direct selling through multilevel marketing,
Company is using better trading plan and marketing plan to promote the sale of
the company's products.
The Company exclusively uses their website and Retail Outlet to display the
details about products, products information, product quality certificate, price,
complete income plan, marketing methods, business monitoring, information
regarding management while uses the word of mouth publicity to promote and
create awareness about the website and its products.
An Individual/Firm/Company who is able to do contract as per the provision of
The Indian Contact Act, 1872 and wish to become direct seller of the company
as per the new Guideline issued by the Ministry of Corporate affairs, Govt. of
India, can execute this agreement as a Direct seller to marketing and selling of
company's product in whole of India, in prescribed form through online/manual.
There is NO deposit or any charges/enrollment fees/joining fees/renewal
charges for becoming a Direct Seller of the Company.
Now it's agreement witnesses and it is agreed by and between the parties here
to as follow:-
Witnesses:
Name ________________________________________________
Signature___________________
Name ________________________________________________
Signature ___________________