The Cabinet has cleared the draft of Multi-Level Marketing Control Act-2013 that provides for up-to ten years in jail for running a business without licence.
Published : 19 Aug 2013, 02:26 PM
Cabinet Secretary Mosharraf Hossain Bhuiyan said the decision was taken during Monday’s usual cabinet meeting that was chaired by Prime Minister Sheikh Hasina.
“For the time being, it will be implemented as an ordinance since the Parliament is not in session now,” he told reporters after the meeting.
This act makes it obligatory for MLM companies to get a license before it starts business.
The validity of that licence will last for one year and it is renewable, said Hossain.