Thursday, August 18, 2011

Speakasia : Tarak Vajpayee And Other 4 Persons Get Non Conditional Bail From Court : 18-8-2011

All Officials of Speak Asia under Judicial Custody have been Granted Unconditional Bail by Hon'able Quila Court Mumbai...... LONG LIVE SPEAKASIA

Listen to the Lawyer of Speakasia.

Listen Flash News on Zee Business

See the Confidence of Speakasians

Tuesday, August 16, 2011

Veerappa Moily Minister of Corporate Affairs on CNBC

Veerappa Moily Minister of Corporate Affairs on CNBC News

Speakasia Latest News on Zee Business - 16 th August

Friday, August 12, 2011

Listen Best Song if U R Speakasian

Here is a Song for Speakasians

Song from Punjab Support Speakasia Group

aardas of speakasia support community punjab 11/8/2011

Listen Heart Touching Song in support of SpeaKasia

Thursday, August 11, 2011

Sajan Re Jhoot Mat Bolo Serial Tv Actor Sukesh Anand Heartly Speak to Support Speak Asia

Abhi nahi to kabhi nahi

copy this Youtube link paste in ur browser and listen

http://youtu.be/pgnypHm-2qI

Wednesday, August 10, 2011

Exit Option Starts for Speakasians: Latest News on 10-8-2011

Dear Friends

This is a great News for all that panelists who are waiting for Exit option. Now U can Exit from Speakasia and take ur money back. u will not get 1000 Rs. Registration amount , u will get ur panel amount 10000/- back see this news on Zee Business and CNBC Aawaz.

See the link on Zee Business

See the link on CNBC Aawaz

Sunday, August 7, 2011

See positive Review from CNBC News on 6 th August

Dear Friends

See positive review from CNBC News on 6 th August

Speakasians Are at Jantar Mantar To Support Speakasia

Dear Speakasians

There is a great crowd at Jantar Mantar to Support Speakasia, and many speakasian want to give their massage to Goverment.

Watch the Vedio

Thursday, August 4, 2011

Latest News of Speakasia in Aaj Tak News on 4th August

Dear Speakasians

Here on 4 th August there is some good news for u all. Mumbai Police Has not a sufficient proof to prove speakasia is fraud. Court give time still 12 th August to prove that.

U must see this vedio

Monday, July 25, 2011

Bill-Of-Lading : Speakasiaonline

Distribution of rewards earned by you: The LCD / LED TV's are already lying at the customs. These goods are held up in Customs in Mumbai due to our bank accounts being frozen . We are incurring huge demurrages on the same. The deliveries will start as soon as the goods are released from customs.

Bill-Of-Lading : Speakasiaonline

Request Letter To RBI From Speakasia Online

Dear Friends Here is the Request Letter From Speakasia to Resrve Bank Of India to give time to explain Speakasia's Business Model.

Letter For LO opening: Speakasiaonline

friends! Here is a Letter Of Permanent Establishment.

Thursday, July 21, 2011

News About Speakasia From Zee Business : 21-7-2011

Dear Friends Here is a news from Zee Business about ROC report submitted to the Government of India.

Star News Says Sorry To Speakasia : 21-7-2011

Dear Speakasians

Today Star News Says sorry to Speakasia and all for his News.

So Lets one more steps to Success.

Speakasia Online in Times Of India : 21-7-2011

Dear Speakasians,

There is a news in Times Of India About Speakasia Online.

Legal News About Speakasia From Website Of Bombay High Court

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGNAL CIVIL JURISDICTION

WRIT PETITION (LODG.) NO.1365 OF 2011

Speak Asia Online Pte Limited and others .. (Petitioners.)

versus

Reserve Bank of India ………………………...(Respondent.)

Mr. Iqbal Chagla, Senior Advocate with Mr. Janak Dwarkadas, Senior

Advocate with Mr. Zal Andhyarujina, Ms. Jyoti Singh and Ms. Shruti

Sardesai i/b Phoenix Legal for the Petitioners.

Mr. Shyam Mehta with Mr. Mihir Mody and Ms. Ludnn Crasto i/b

M/s. K. Ashar & Co. for the Respondent.

......

CORAM : DR.D.Y.CHANDRACHUD &

ANOOP V. MOHTA, JJ.

14 July 2011.

P.C. :

1. In these proceedings the Petitioners question the legality of a circular issued on 23 May 2011 by the Reserve Bank of India to the chairpersons of scheduled commercial banks. The circular begins with a factual background of certain circumstances which were brought to the notice of the bank in relation to the activities of multi level marketing companies, some of them based in Singapore which were operating in India through agents who purported to conduct online surveys. The circular sets out that the typical modus operandi is to ask prospective customers to deposit an amount in a designated account to gain access to a portal and password and download a survey form. For every form filled in and uploaded a certain payment is made and those who have filled in surveys have to multiply the users to get back their deposits. The Reserve Bank has drawn focus on the fact that the agents are opening accounts with various banks and have collected large sums of money which proceeds are aggregated into a central pooling account and remitted overseas as subscription charges. On this basis, the Reserve Bank has formed an opinion (a prima facie opinion as counsel for the Reserve Bank submits) that such schemes are akin to money circulation schemes in respect of which authorised dealers should not allow remittances to the operators of such schemes. The bank has also taken the view that money circulation schemes are banned under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978. On this basis the following directions were issued to the scheduled banks :

In view of the above, we advise that banks “ should be more careful in opening and operating accounts for such schemes specifically the type of business and inherent risk associated with such activity. Further, we advise that bank/s will be held responsible for losses incurred by customers by way of deposits in / remittances from such accounts if they are found to be in violation of regulations, KYC/ AML and/or other regulatory / statutory requirements. Banks are advised to be extra careful and may also improve their existing KYC/ AML drill and transaction sanctity to examine the business practices of prospective customers so as to ensure that no unauthorized/ illegal activity is being carried out. Existing accounts may be reviewed to ascertain and ensure that these are not related to unauthorized / prohibited / illegal schemes. Further, adherence to requirements under FEMA 1999, other applicable statutory/ regulatory requirements and KYC/AML compliance in the strictest form needs to be ensured. Failure to adhere to the regulatory restrictions will invite supervisory action.”

2. Counsel appearing on behalf of the Petitioners submitted that if the bank were to furnish an opportunity of being heard to the Petitioners, they would have been in a position to dispute the correctness of the facts on the basis of which action has been taken by issuing the circular in question. On the other hand, it has been submitted on behalf of the Reserve Bank that the directions are relatable to powers vested in the bank under Section 35 A of the Banking Regulation Act, 1949 and Section 11(1) of the Foreign Exchange Management Act 1999. Moreover, it has been submitted that at present investigations are being conducted by the Directorate of Enforcement, the Registrar of Companies and by the law enforcing authorities in several states in respects of the activities of the Petitioners. The Reserve Bank, it has been submitted, had formed a prima facie view which is reflected in paragraph 2 of the impugned circular and has by its directions ensured that pending the completion of the investigation remittances do not proceed outside the country.

3. Section 35A of the Banking Regulation Act 1949 empowers the Reserve Bank to issue directions in the public interest, and in the interest of banking policy to prevent the affairs of any banking company being conducted in a manner detrimental to the interests of the depositors; or in a manner prejudicial to the interests of the banking company; or to secure the proper management of the banking company. Under sub section (2) the Reserve Bank is empowered on a representation made to it or on its motion to modify or cancel any direction issued under sub section (1). Section 11 of the Foreign Exchange Management Act 1999 empowers the Reserve Bank of India for the purpose of securing compliance with the provisions of the Act and of any rules, regulations, notifications or directions, to give to authorised persons any direction in regard to the making of payment or the doing or desisting from doing any act relating to foreign exchange or foreign security. Under Section 10(4), an authorized person is required in all his dealings in foreign exchange to comply with such general or special directions or orders as the Reserve Bank may issue from time to time.

4. These powers have been vested in the Reserve Bank as the custodian of public interest in order to ensure that the operation of the banking system does not result in detriment to interest of the public and to secure proper regulation, in accordance with law. The powers of the Reserve Bank have been cast in broad terms and cannot be constricted. As expert body the Bank is entitled to issue such directions as it has in the present case. The Bank is legitimately entitled to protect the integrity of the financial set up pending an investigation. Neither an investigation nor the directions issued by the Reserve Bank to facilitate it should be obstructed or curtailed. The Bank has in our view acted within its statutory power to caution against remittances abroad in the case at hand.

The Reserve Bank may in certain situations be required to act with urgency such as where it seeks to prevent a remittance flowing abroad from out of the country. Obviously in such cases, there could be no requirement of a predecisional hearing since the grant of such hearing may well defeat the object underlying the conferment of power on the Reserve Bank of India.

5. The Court has been informed by counsel for the Reserve Bank of India that the Bank has formed a prima facie opinion based on the facts which have come to its notice. Moreover, counsel appearing on behalf of Reserve Bank of India has stated that there was no direction by the Reserve Bank to freeze the bank accounts of the Petitioners and it would appear from the averments contained in paragraph 7(xi) of the Petition that a debit freeze was placed by the respective banks on account of the investigations which were conducted by the service tax and income tax department.

6. Be that as it may, we are of the view that the interference of this Court is not warranted. However, in the interests of fairness an opportunity should be granted to the Petitioners to submit a representation to the Reserve Bank. Sub section (2) of Section 35A of the Banking Regulation Act, 1949 does in fact contemplate the making of such a representation. From the record before the Court it would appear that the Petitioners had sought an appointment by a letter dated 17 May 2011 and pursuant to the request made to the bank a communication was addressed to the Petitioners on 16 June 2011 seeking a disclosure of information. The Petitioners responded on 20 June 2011, but the matter appears to have rested there. We accordingly dispose of this Petition by permitting the Petitioners to place a representation on the record of the Chief General Manager of the Reserve Bank of India who had issued the circular dated 23 May 2011. In the event that such a representation is made, we would expect the Reserve Bank of India to take a decision in accordance with law. The Reserve Bank of India may furnish an opportunity to the Petitioners to explain the contents of the representation in a meeting which may be convened for that purpose.

The Petition is accordingly disposed of.

(Dr. D.Y. Chandrachud, J.)

(Anoop V. Mohta J.)

Source from : http://bombayhighcourt.nic.in/data/original/2011/WP136511140711.pdf

Speakasiaonline's Modified Compensation Plan With The Shopping PV

Speakasia Modified Compensation Plan With The Shopping PV

Compensation

As soon as you complete your registration, you are immediately eligible for two weekly surveys. These surveys will be shown to you every time you log in.

As a standard panelist you can earn upto 7 reward points every week (364 reward points in a year).

Whereas, as a premium panelist you can earn 20 reward points every week (1040 reward points in a year) for surveys and other activities completed.

You can buy maximum 03 panel centers. You can add upto 09 sub panels on each panel center and maximize your survey income upto 10 times.

DOUBLE INCOME PLAN

Other than survey reward points you can also get referral incentives by referring your friends / family member as panelist

Passive income

You will get 1 reward point per week from the work done by all your personally sponsored standard panelists and 3 reward points per week from the work done by all your personally sponsored premium panelists.

The following table will give you a summarized idea of minimum and maximum incentives earned by you on one survey panel. More survey panels will give you additional incentives in the same ratio.

Panel Center	No.of panels sub-panels	No.of	Subscription	Your weekly incentives(Reward points)	Weekly incentives to sponsor(Reward points)
Standard	01	Nil	Standard	7	1
Premium	01	Nil	Premium	20	3
Standard	01	09	9 Standard	70	10
Premium	01	09	9 Premium	200	30

Active income

Direct income – you will get 10 reward points for standard panel / sub panel and 20 reward points for premium panel / sub panel referred personally.

Team bonus 1– The Team Bonus-1 income is based on the Referral Points generated through the induction of panelist in each Team. A incentive of 20 Reward Points is released whenever you have 200 Referral points in the left team and 200 Referral points in the right team, which is also known as one pair.

Daily ceiling for team bonus-1 is 20 pairs (400 Reward points).

Stronger leg is always carried forward for next day’s incentive calculation.

Team bonus 2 - Whenever you and your team add sub-panels, additional Referral points are generated in your team for team bonus-2 income. Team bonus-2 compensation plan is a table binary which enables you huge income from existing team.

Sr No.	Left team sub-panel RP	Right team sub-panel RP	Sub-Panel Referral match points	Incentives paid(RP)
1	400	400	400	40
2	800	800	800	80
3	1600	1600	1600	160
4	3200	3200	3200	320
5	6400	6400	6400	640
6	12800	12800	12800	1,280
7	25600	25600	25600	2,560
8	51200	51200	51200	5,120

Daily ceiling for team bonus-2 is 51200 Referral match points (5120 Reward points).

Standard panel / sub panel will give you 100 referral points where as premium panel / sub panel will give you 200 referral points.

Example

Let us assume that in any particular day you are having 2000 Referral points in your left team and 900 Referral points in your right team through the addition of sub panels. You will be eligible for 80 Reward point as an incentive because you fall in to 2nd table of commission structure, and 1200 Referral points will be carried forward from left team. Weaker leg is flushed out where as the Stronger leg is always carry forward for next day’s incentive calculation

Total daily referral income of a panelist on one survey panel can be upto 5520 Reward Points
(Team Bonus - 1 + Team Bonus - 2) = 400 Reward Points + 5120 Reward Points

The reward points can be redeemed for buying trainings, e-zine subscriptions, products and services offered by the company. Un utilized reward points can also be transferred from your e wallet to your bank account within 7-14 working days (depending upon the local bank in India). Amounts are credited in your local currency by the bank. A bank transfer charge at the rate of 3% is applied subject to a minimum of USD7.5 . Total cash request in a year cannot exceed your referral income from sale of e-zines.

The Shopping PV will be distributed as follows, Every product will be defined with distribution PV. The distribution will be as follows

o 25% will be given to direct
o 5% will be given to sponsor of that direct
o 5% will then be distributed above among 10 sponsorship Level.

Wednesday, July 20, 2011

New Announcement From Speakasia Online for Panelists

Dear Speakasians

Today on 20-07-2011 Speakasia Online had announce that

Dear SpeakAsian,

As promised, the surveys are back today. However, as you know, our bank accounts continue to be inoperative as per directives from the authorities and we are unable to process any cash request or payouts. Therefore the Reward Points generated from Surveys will be credited to the Shopping ewallet which can be used for shopping. This arrangement is till such time the situation improves and cash requests are allowed to be processed.

We regret for any inconvenience caused to you.

Team SpeakAsia

Speakasia Online (SAOL) Latest News- Payments May Start From First Week of August

According to reports, Speakasia’s Mumbai Area managers and Gujarat Area Managers,

Some Good news for Speakasians,

According to the source, Speakasiaonline will have to pay penalty to Govenrment of India, due to the violation of Sec 591. After the payment of penalty Speakasia will opt for permanent establishment in India.

The Frozen payments are said to provided for the penalist from first week of august. The new payment system will have some changes according to RBI. The Rules of new payment scheme will be modified according to the regulation of RBI.

The Penalist are requested to have thiere PAN cards ready by the first week of august. Each Speakasia id holder will need to have separate PAN card for thier accounts. So, Will this August bring cheers to speakasians,

Be Ready For that. Have a Good Day.

Speak Asia Starts Survey Back Today 20-7-2011

Hello Dear SpeakAsians !!!

As promised by Speakasia, the surveys are started back today. However, as you know, our bank accounts continue to be inoperative as per directives from the authorities and we are unable to process any cash request or payouts. Therefore the Reward Points generated from Surveys will be credited to the Shopping ewallet which can be used for shopping. This arrangement is till such time the situation improves and cash requests are allowed to be processed.

We regret for any inconvenience caused to you.

Team SpeakAsia

Tuesday, July 19, 2011

YUG Products Offered By Speakasiaonline

Yug TV

Yug Mobile

Yug Demo TV

Yug Goa Counter

Yug AC

YUG Products Offered By Speakasiaonline

SPEAKASIA has launched and introduced GERMAN technology made products by the brand name YUG. YUG has all kinds of ELECTRONIC products what SAMSUNG & LG or other companies have.

Today if I dream to buy 55" LCD/LED, whatever it may be, branded companies market cost is around or approx. 55,000/- to 60,000/- ... But it is OUT of IMAGINATION that SPEAKASIA through YUG is offering the same category of branded quality product for 35,000/- and if you are a SPEAKASIAN then you get 10% reward points too.

If your neighbour or your friends like the product they can buy through SPEAKASIANS and what a DEALER earns the similar kind of profit every SPEAKASIANS earn.

This way every SPEAKASIAN will be CROREPATI in coming 2-3 years. I am talking about only one product but there are more than thosands of products which SPEAKASIA will sell ONLINE.

All products that will be sold through SPEAKASIA will get the benefit of FREE SURVEY (Public opinion) as well as their 10 seconds product advertisement will be played on the website. Companies will directly get order in the range of 40 lacs to 50 lacs, if 50% panellist buy the product.

RBI sets to form new rules and regulation on MLM companies

RBI has come with a positive circular given to all banks about the payment given by SAOL to its panelist account in India.The Circular is yet to be publish and can be available by today or Monday on official website of RBI. This circular is the instruction to banks that they can allow TT(Telegraphic Transfer) given by SAOL from outside India to remit the amount into Indian bank account of the panelist.

The Ministry of Corporate Affairs (MCA) and Reserve Bank of India (RBI) are working closely to frame rules for all MLM companies in India. As per sources there will be strict norms for MLM companies and all MLM companies who are operating in India will have to get their firm register with the government.

The need for MLM law in India become evident when MCA some time back showed incompetence to probe Speak Asia on the grounds that it is not registered in India but later after investors’ forum pleaded to Prime Minister to intervene on the matter and on Prime Minister’s Office direction MCA initiated fresh investigation on Speak Asia.

The Serious Fraud Investigation Office (SFIO) has submitted its analysis on the MLM companies to MCA. According to the SFIO reported that most MLM companies operate via agents.

People in states like Manipur, Kerala, and Andhra Pradesh lost thousands of crores to MLM scams in the name of investments.