Do you think Speak Asia can come back in the same manner

Do you think Speak Asia can come back in the same manner


Here below you see the thought of a panelist - Rahul.  Let me know what you think.


I have had a talk with senior and close people to the management and the news is not very good. If speakasia was that strong in its legalities even after mediation it wudnt keep extending like this, this truly shows how tough it is for speakasia to come back and how weak their system is. Plus as per the new website and rules there will be no more subpanels, so subpanel direct income and sub panel binary we will have to forget, 1 id will have one panel only and for every id pan card will be required and only 1 pan card for 1 id. Plus now even in the normal binary there will be a limit to the amount of cash one can withdraw in a year it will be around 5 lakhs per annum, So even in normal binary ur in capping limit of 20 pairs per day and you make 20000/day or 6 lakh a month u can withdraw only 5 lakh by cash in a year! Rest you will have 2 purchase products! This was expected as lot of changes were expected in the business module as their earlier model was weak and they failed to satisfy anyone even in the press conference they conducted. For anyone who thinks this is false news they can keep quiet and wait for the company’s pop up whenever it comes they will know the truth then. Waiting for 9 months has been a waste of time as well as a big disappointment as even though the company will start the income potential will be 10 times lower than before because of all these changes.

Speak Asia today registered a case against Star News 25 -07-11

Speak Asia today registered a case against Star News.  

File Date                         -           25-07-11

Status                              -          Pre Admission

Lodging Number              -           SL/2100/2011

Category                         -           SUITS FOR DEFAMATION

Act                                  -           Code of Civil Procedure 1908

Respondent                      -          Media Content and Communications Pvt.LTd

Petitioner                          -          Speak Asia Online PTE

Adv                                  -           Phenix Legal

Link : 

http://bombayhighcourt.nic.in/casequery_action.php?auth=bV9zaWRlZmxnPU9TJm1fZmlsX25vPTAxNTA0MDIxMDAyMDExJm1fc3I9UyZtX3NrZXk9UyZtX25vPTIxMDAmbV95cj0yMDExJm1faGM9MDE%3D

Do you think many FIRs will be registered after the wait till 30th July...?

Hello Speak Asians

On the light of some points noted below, would like to start a new discussion and poll from the side of fellow speak asians

1. SAOL Management announced earlier that they have enough fund to pay its panelists and are ready to but not able to pay because of RBI circular to the banks.
2. Now the RBI asked SAOL to clear the payment to panelists and send supporting circulars to banks.
3. In the earlier meetings the management has announced that the payment will not delayed than Juy 27/30
4.  SAOL is releasing enough fund for its advertisements.
5. Still there is no confirmation about the date when will the payout starts

Do you think this will cause to register a number of FIRs against SAOL after the wait till the end of July..?

What's in your mind...Pls share your comments here, also please participate in the poll.

Thanks

Registration of overseas online firms to be made mandatory

New Companies Bill to make direct-to-home shopping sites accountable to Registrar of Companies. In a bid to make foreign companies engaged in online and direct-to-home business practices in India accountable, the Ministry of Corporate Affairs (MCA) will make enrolment of all such companies with the country’s Registrar of Companies (RoC) mandatory.

The need to have control over such organisations was felt in the wake of increasing instances of online businesses that cut across national boundaries.  The proposal for mandatory registration will form part of the new Companies Bill 2011, a senior official said.  The government may also verify that the promoters of the overseas firms or their business associates in India, including logistic partners, have not committed any economic offences under any national or international jurisdiction.

“The track record of the directors of the company will be sought to ensure they are not fly-by-night operators who had been convicted or banned from conducting business or establishing firms in other countries,” the official said.

Details of previous businesses of the promoters and their associates will also be sought before the company gets an approval to do business in India.

The Companies Bill 2009, a revised version of which is being finalised now, already contains the existing set of basic disclosures that are required to enable a company to operate in the country. These include details of the companies’ charter, statutes, memorandum, articles etc. Contact details of the senior management team will also be sought. Similar disclosures will have to be made about their business associates in India.  Recently, MCA had had initiated a probe into the activities of foreign companies that are registered abroad but have business operations in India.

The inquiry was triggered after complaints were registered against Singapore based SpeakAsia over its business practices. SpeakAsia, which charges an annual membership fee of Rs 11,000, pays back its members for conducting online surveys for its clients. The company had refused to disclose the names of the clients to whom it sells the survey results.

The controversy erupted in May after an investors’ protection group filed a public interest litigation before the Bombay High Court. The court issued summons to five top officials of SpeakAsia. The MCA probe was initiated in the backdrop of these allegations.

Courtesy: www.business-standards.com
Joe C Mathew / New Delhi July 24, 2011, 0:58 IST

Speak Asia Times of India Advertisment 24-07-11

http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=ETNEW&BaseHref=ETM/2011/07/24&PageLabel=9&ForceGif=true&EntityId=Ad00900&ViewMode=HTML

Financial Status of SPEAK ASIA

Balance $482 Million UOB Bank,

1. Rs.4800 Cr. Liquid and Assets of Speak Asia Pte. Ltd.
Message from Co. : I can pay you survey income up to 2 years without new joining

2. $280 million will shift to an others banks and rest balance $200 million will be in the UOB bank. (it will handle the traffic of Tele Transfer income to India)

3. Last 4 lac panelist will get benefit first who joined our community that moment whenever all situations were against us.

4. E-Shopping going to start very Soon.

5. We have got already $10 million as Advance from clubbed companies

6. Launching Mobile telephony with British based co.(Very Soon)

7. every panelist will get breaking news messages regularly from the SPEAK ASIA

8. Speak Asia file a case of defamation Against Media News Channel of Rs. 3320 cr. Which Speak Asia is ready to deposit 10% of Claim (Rs. 320 Cr.)

9. Advertisements Survey is going to start in coming few days.

Courtesy: SPEAK ASIA CONSUMER EMPOWERMENT, Zesty, Surat

Interview with Tarak Bajpai.... 22nd July.. get answers for all major doubts

As we Know Mr. Tarak is member of Speak Asia Management . He is a Chief Operating Officer in Speak Asia Online after getting bad news with many ways a Group 50 team leaders , distributors , zonal managers , few panelists etc go to Meet Tarak Bajpai Speak Asia

1st Question Asked : Which is Very important for all Speak Asians ...

Question : When will be Speak Asia Will be Registered in India as till now Speak Asia Not Registered Under MCA21 ( MCA stands for Ministry of Corporate Affairs ).

Answer : Take My Words , We ( Speak Asia Company ) have submitted every thing which Indian Government wants from us means all the papers related our existence in Singapore and all otherrelevant documents / papers .Now the Government have to take final decision on this matter . We can't do any thing "wait and watch" .With a Smile on the face says " Hope For Good News ".

Question 2 : What If government will not give speak asia online approval to work in India ?

Answer : Firstly we will do we get the registration in India. Else we have option of Supreme Court of India as we have legal background.

Question 3 : Did you think Supreme court will listen to us asMumbai High Court DISPOSE Case on Speak Asia Online - 14 July 2011

Answer : Lets See. Its not that we get same answer in Supreme Court also.


Question 4: What If Government of India and Supreme Court of India Not Listen to us?

Answer : We ( Speak Asia ) want to proceed in India desperately want to start the payment As Soon as Possible to our panelists but delay is beyond our control . But Trust Me ( Tarak ) we have other sources such as we have plan to start our own payment gateway in India and some more ways which i ( Tarak ) can't Disclose now .

Question 5:What About the Funds did speak Asia have so much money that they can pay us ( Speak Asians).

Answer : With a Smile . Mr Tarak Says We ( Speak Asia ) have enough funds to start payment to the panelists Event Today but if we start doing payment with our other sources without be get legal in India this time war will be not against media this will be against Government of India..and we can't do that.

Question 6: What About FIR and Complaints about Speak Asia .

Answer : I ( Tarak ) am in the team i know better then any one status of Speak Asia Complaints. Till date no FIR was launched Against Us ( Speak Asia Company ).


Question 7 : Our Down Line is daily calling us to know the Status of their Payment so Tarak Sir what date we can give to Them ?

Answer : No dates regarding the start of payment can be announced now. It can Only Be start After permanent establishment of Speak Asia in India.

Question 8 : Payment of Which Reward Points will Come to us ?

Answer :Only the Payment of after 27th May will come in Account .All our Earned RP before 27th May 2011 can only be used for Product Purchasing , buying trainings.Speak Asians can not get Cash of RP from Bank .

Question 9 : When Will be Office is completed In Mumbai .. First Establishment of Speak Asia In India ?

Answer : Its Construction is completed but interior and furnishing is pending .. We are hoping that it will start from 15th August 2011.


Question 10: Sir, At least Tell the Status of Prize distribution?

Answer : Its in slow face but we have started.


Question 11: When will be Pan Card are Required By Speak Asia ?

Answer : Its Required after company is registered in India . We will give the information when its needed. Don't Worry it is done in a systematic manner by Us ( Speak Asia ) . After Popup you can change all the personal details of yours such as E-mail , Mobile Number and Address .
( In Mind : About Multiple ID how can We ( Speak Asians ) Submit the Same Pan Card ).

This meeting was of 35 minutes in Delhi . Tarak Bajpai Speak Asia close this meeting by Saying

" We ( Speak Asia ) Need Full Support By Their Panelists "

News Courtesy: http://speak-asia-fraud.blogspot.com