SECP Prohibits MLM, Pyramid, Ponzi and Referral Schemes by Companies
By S.R.O. 1976(I)/2026, SECP has made the Companies (Prohibition of Unlawful Activities) Regulations, 2026. No company, including a foreign company, may promote or carry on multi-level marketing, pyramid, Ponzi or referral schemes, whether physically or online. Genuine direct selling is not restricted.
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