MLM Software Compliance & Legal Checklist for India
Short:MLM platforms must follow consumer protection norms, anti-pyramid rules, GST requirements, KYC, and maintain records for audits. Use this checklist to stay compliant in India.
Checklist:
1. Clear product/service disclosures and refund policy
2. Maintain KYC records and consent logs
3. GST invoicing and filings for sales
4. Audit trail for payouts and wallet transactions
5. Anti-fraud monitoring and dispute resolution
6. Data protection and retention policies
Legal frameworks change; consult legal counsel for interpretations. Technical readiness includes immutable logs, exportable reports, and role-specific access for auditors.
Instant Web Solution can implement compliance-ready features, including audit logs, automated invoicing, and exportable reports to assist legal reviews.