No, pyramid schemes are strictly illegal in India. They are prohibited under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978. As a top criminal lawyer in Pune, I often see how these deceptive models exploit people by prioritizing recruitment over genuine product sales.
Legitimate direct selling is governed by the Consumer Protection (Direct Selling) Rules, 2021, which explicitly ban pyramid-style structures. If you have been misled, acting fast is crucial. You should gather all transaction evidence, as this is vital under the Bharatiya Sakshya Adhiniyam.
The legal process follows the Bharatiya Nagarik Suraksha Sanhita. Whether you are dealing with a Corporate Law dispute or a financial fraud case, a cyber crime lawyer in Pune or a top criminal law expert in Pune can help you seek justice before the Pune Sessions Court. Do not ignore these red flags. Reach out if you need guidance