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[Resolved]  M/s SHINY NETWORK MARKETING PVT LTD — TDS " NOT DEPOSITED AGAINST MONTHLY COMMISSION PAYMENTS

M/S SHINY IS A MLM CO. ILLEGALLY DOING BUSINESS AS FOLLOWS;

#1) TDS DEDUCTED FROM EACH MEMBERS MONTHLY COMMISSION @10.3% IS NOT BEING DEPOSITED TO THE CONCERNED AUTHORITY, AMOUNTING MANY LAC'S.

#2) ON DEMANDING FOR FORM16, THE CO. IS AVOIDING

#3) EVEN CONDUCTING BUSINESS NOT ABIDING IRDA REGULATIONS OF SELLING LICI POLICIES IN OUTSIDE STATE & DISTRICTS WITHOUT HAVING A SPECIAL PERSON(SP),TO BE A AUTHORIZED PERSON BY LICI,TO SIGN THE POLICIES, AS DIRECTED BY IRDA .

THE CO.'S WEBSITE IS : www.shinynetwork.in
ADDRESS: AB-7, SALT LAKE CITY, KOLKATA-700064
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Complaint marked as Resolved Aug 13, 2020
Complaint comments  13 CommentsShareTweet

Comments

i agree to the complaint lodged and would also like to add:

1. even they are denying the monthly commission as indicated and promised in their business brochure to me and many others.

2. the company's active promoters & directors are all full time central govt. job holder, for information as
md. abul hasnat - accounts officer in ag bengal and
mr. sukhen sengupta working with coal india.
they have put their wife's as dummy directors of the company.
The Chairman,
IRDA,
Hyderabad 500004.
Dated:3/09/10.

Sub: Complaint regarding Ignoring IRDA Regulations;
LICI Corporate Agency No 5945022
LICI Agency Code No.8207241U
Shiny Network Marketing Pvt. Ltd.

Dear Sir,

I am a proud policy holder of LICI and the agent was M/s Shiny Network Marketing Pvt Ltd, a Corporate Agency of LICI having their corporate office as given below.

Shiny Network Marketing Pvt. Ltd, (now on referred as M/s Shiny Network.)
AB – 7, SALT LAKE CITY, Sector-I,
KOLKATA-700064.
Ph:[protected]
Web site – www.shinynetwork.in

Talking to a friend of mine in Andaman, I come to know that he and few of his friends have got their policies done through M/s Shiny Network. I am sure that M/s Shiny Network is NOT having any S.P (Specified Person) their in Andaman, as they are depositing the policy forms in ANDAMAN.

Since I am aware of the rules and regulations of IRDA, regarding functioning of a Corporate Agency and also do have Social & Moral Responsibilities, I got a little worried about the working modality of M/s Shiny Network.
I started doing a little Research and found out from nearest Divisional Office;

#1) That M/s Shiny Network was all this time collecting and depositing Forms and Policies of LICI from the following places –

Andaman
Agartala
Burdawan-2
Chandanagar (S.O) under Chisurah
Farraka (S.O)
Guahati
Hansimara
Krishnanagar
Kharagpur
Siliguri
Shiarabazar(SO) under burdawan-2
And other many places.

#2) M/s Shiny Network is having “The Only One SP”, Ms.Manju Bal, at Kolkata corporate office, who is also the CIE.

#3) This is to bring to your Notice that The Policies getting collected by M/s Shiny Network outside, from the above mentioned places get deposited without the Original Signature of the SP and Solicit of the CIE.

#4) M/s Shiny Network Do Not Have Designated SP in the Places mentioned above!!
But M/s Shiny Network misleading LICI, and are Falsely spreading rumors that they have SP’s at all the above mentioned places.

Being a concerned Indian Public, I am also worried about so many classes of people whose policies are through M/s Shiny Network, Not Signed by the Designated SP and got cheated by a “Greedy Corporate Agency”- M/s Shiny Network.

We are hereby requesting IRDA’s good office, to look into the matter of M/s Shiny Network,

a) SP (Specified Person) NOT in all the outside District & State areas all through!!??
b) SP Signature Authenticity/ Original in all the outside areas as mentioned all through!!??
c) Whenever SP appointment came up M/s Shiny Network Directors would show off that they Made Enough Money To BUY-out IRDA Officials!!

d) IRDA (Protection of Policyholders' Interests) Regulations, 2002?

e) IRDA (Licensing of Corporate Agents) Regulations, 2002?

Above ALL our Social & Moral Responsibilities, We have all the Faith and Confidence that IRDA will take all the necessary steps to Stop this un-wanted / illegal activities, which we are sure will in turn help the general public and law abiding citizens from being cheated over and over by this type of “Greedy “ group of people.

f) We strongly believe that this type o[censored]n-Scrupulous Agencies as M/s Shiny Network’s License should be immediately CANCELLED.

Hope your good office will take up this matter and would take necessary Action.

Thanks & Regards,
B. Dutta,
Belghoria,
Kolkata.
Note: For being safe from any Vindictive Attitude of the reported greedy agency, please do not disclose my identity.


Cc: - Ministry Of Finance,
Department of Economic Affairs.

- Consumer Affairs
- Consumer Forum
Being an active and oldest member of SHINY NETWORK MARKETING PVT. LTD. I have full faith on company's behavior and promises they have made through their brochure.

1. First of all the company have never declared to pay any return on monthly basis rather they have promised to pay the returns on company closing basis as per company's growth rate in their brochure.

2. There don't have any dual personality between promoters and active directors. Mrs. Rebeka Sultana & Mrs. Manjari Sengupta are the promoters and active directors too. We get their assistance whenever required at the office premises.
We have more than 20 specified person of LICI to procure business from various places. the names and License no. will be conveyed whenever required.


RATNA MODAK
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I AM FULLY SATISFIED WITH COMPANY'S PERFORMANCE AND CLARITY OF THEIR ACTIVITIES, FRAUD COMPLAIN ARE ALWAYS WELCOME TO BRING THE TRUTH AT FRONT...
plese send perticuler guidline for handling a pvt ltd. network marketing
please send perticuler guideline for management for a pvt ltd company tds and rule and regulation
Dear all the Associates with All the Director of Shiny Network Marketing Pvt. Ltd.
At first I want to ask some questins those persons i.e Associates who suport in favour of Shiny, if they able to answer the correctly as per our Indian Govt. LAW i really will be so happy.

1) Thousands Number of The Cheque Bouns of any Pvt Ltd Company as per company act as well as Indian Law is Any type of CRIME or NOT ? As per my knowledge if any company paid me any amount through A/C Payee Cheque and The CHEQUE is bounced To it is The Froud Case. So can u say the company is not doing Froud with the associates of this company?

2) As per the Brochure ( lastly circulate the CURRENT Brochure) they PRINTED that they must Give the Income to their Associates i.e 14th closing on 15.01.2011 ( as well as all the date mentioned about 15th 16th closing also) as per their Growth.
But Still today ( 06.02.11 ) they did not pay any body else even who joined newly in this 14th closing. So is this not one type of FALSE ASSURENCE ?

3) Moreover, its correct that they printed on their Brochure that as per GROWTH all the associates get the money, its true. But can u able to say that what will be the GROWTH today if Any ONE or TEN policies login just now. That is they have no clear System by which you can know what is the growth Just now and how much will required.

That means here they MANUPULATE so many MATTER regarding GROWTH as the result all the associates suffering. Can they able to show or we able to know all associates full profile with address and mobile no and also their Identity??? answer will be NO, due to confidential matter.

And i 100% cofirm their have so many CORAPTION regarding this matter.

4) Can you say This Company Produce Their Audit Report with RETURN in ROC and INCOME TAX DEPT. each and every FINANCIAL year???? But i think u know this is MANDATORY of a REGISTERED Pvt. Ltd. Company. So as per Company Act( 1956 ) they also DEFULTER on that MATTER.

5) Can u say How Any One PERSON able to witdwar LAKHS of MONEY without Written Concent of Any written RESULATION????? and can u say what is the PROFIT and LOSS balance SHEET of the company and WHER the PROFIT ANOUNT GONE????? Can the Company or You or any Director able to Show or Produce This near the ROC, IRDA, or COURT??????

I have also so many more and more type of question. Kindly at first any Supporter person or any Director of SHINY give the answer of these question to KNOW MORE ABOUT the HONESTY OF SHINY AS well as THE HONESTY OF ALL THE DIRECTORS.

6) Moreover, can you know without any PRIOR INTIMATION THEY ASLO CLOSE THEIR WEBSITE ALSO because they again MANUPULATION their DATA BASE SO NICELY as per their CHOISE. Can u say they TOTAL FALL THEIR GREATER NO. OF ASSOCIATES IN DARK. Is it any LEGAL or ILLEGAL ACTIVITIES??????

I do not want to jide me like this FRAUD COMPANY. I Hope MR. PINTU MUKHERJEE, DIRECTOR of this Company came here At Raiganj in Our team Meeting With The Person NAMED MR. PIJUS BABU and One of our TEAM LEADER MR. AMAL BABU in CHEMBER OF COMMERCE MEETING HALL. AND There they TOLD WITH BIG VOICE SO MANY FALSE STATEMENT but if they have any HONESTY so Pl come again and MEET WITH US AGAIN and We must KNOW ABOUT THEIR HONESTY.
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BEFOR JOINING TO ANY SYSTEM WE MUST CHECK ALL THINGS--AS I READ ABOUT TDS NOT DEPOSTED BY SAID COY.--SIMPLY SEND YOUR COMPLAINT WITH COMMISSITION STAEMENT TO INCOME TAX DEPARTMENT--THEY WILL DO THEIR DUTIES--BECAUSE YOU HAVE WRITTEN /STAMENT THAT THE SAID COY. DEDUCT THE MONEY ON THE NAME OF TDS.----TENSION MAT LE MERE YAAR--CALL ME [protected] DHARMINDER SHARMA.
My I.D 54035 I get only two payout first on 31/07/2010 of Rs. 169.00 and another of Rs.159.00 in the month of October, 2010.

SHINY NETWORK MARKETING PVT. LTD — PER MONTH NO MONEY PAYMENT

LIC-r jibon saral policy korle proti mase money payment kore total Rs.112620 payment korben bolchilen, kintu 3 month taka peye r taka pachchi na, kono cheque o asche na. pls parle ektu help koben.
I AM FULLY SATISFIED WITH COMPANY'S PERFORMANCE AND CLARITY OF THEIR ACTIVITIES, The Managements have full of honesty. RUPA
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EVERY COMPANY HAVE UPs and DOWNs. AS PER MY KNOWLEDGE IT IS A GOOD COMPANY. SHYAMALENDU

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    SALT LAKE CITY, KOLKATA-700064
    West Bengal
    India

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