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 Boss Venture

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saigetsu
post May 25 2014, 08:14 PM

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QUOTE(colourfullife @ Dec 28 2013, 05:50 PM)
BossVenture is a business based on e-commerce platform.To put it in simple, this affiliate program is run through promoting/marketing products through the internet. You earn commission when someone buy product through you unique affiliate link.

Having said that, it's actually a MLM because is channel incentive to all the Licensee Re-seller if a sales is closed. Even though the company that runs and monitor BossVenture.com (Cash Deal Sdn Bhd) is register under Suruhanjaya Syarikat Malaysia (SSM) and acquired certification from MDeC as a MSC status company, and used BILL OF GUARANTEES.

Under ' BILL OF GUARANTEES , the government will not implement INTERNET CENSORSHIP. So any company under the status MSC is allowed to accept, process, and send data without any disturbance.

Bill of Guarantee No. 4: To give the freedom to source capital globally for MSC Malaysia infrastructure, and the right to borrow funds globally

Interpretation 
1)Flexibility to Source Capital and Funds Globally.
Under this BoG, MSC Malaysia Status companies are free to source capital globally, unless otherwise stated in the Anti-Money Laundering and Anti-Terrorism Financing Act 2001, or from residents, authorities, agencies or entities of countries specified in the Exchange Control Act 1953.

2)Non-residents investing in MSC Malaysia Status companies are free to repatriate any amount of capital, divestment proceeds, profits and dividends arising from their investments.

3)MSC Malaysia Status companies are free to remit funds abroad, which are made in foreign currency and transacted through licensed onshore banks.

4)MSC Malaysia Status companies are also free to borrow from resident and nonresident lenders in Ringgit and in any foreign currency4 to finance their business operations.

5)MSC Malaysia Status companies can borrow in Ringgit:
Any amount from licensed onshore banks and other residents. Any amount from their non-resident non-bank parent companies for purpose of financing activities in the real sector in Malaysia. Up to RM1 million in aggregate from other non-resident non-bank companies or non-resident individuals for use in Malaysia.


This mean, any company with MSC status is actually and supposed to developed infrastructure and technology under the law of BoG. Instead, BossVenture.com (Cash Deal Sdn Bhd) had misconducted BoG to run a business under MLM scheme.

Hope this made it clear for you.
*
Bnm said ok?

 

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