1-1. |
The Rules & Regulations mentioned is considered as an authentic and legally binding document. This contract is between the applicant, hereinafter referred to as Independent Club Member / Club Member / ID or “ICM, CM, ID”, and Gypsy India Health Club, hereinafter referred to as the “Company”. |
1-2. |
If the applicant agrees to adhere to and abide by the conditions mentioned hereunder and in the website named "www.gypsyindia.net" he / she shall become a Club Member on payment of the prescribed membership fee to the Company by way of a crossed Pay Order / Demand Draft / logging in prescribed manner. |
1-3. |
The applicant should have completed minimum 18 years of age and shall be competent to enter into the contract as provided in the 'Indian Contract Act’. |
1-4. |
The Company under no circumstances will accept any payment in cash. |
1-5. |
The Company has not authorized any official, officer or Club Member of the Company to receive any amount in cash on behalf of the Company in the name of membership fee, cost of products etc. |
1-6. |
The initial payment made by the applicant is towards enrolling as an Independent Club Member and the same is not refundable under any circumstances. The joining amount includes the registration fee, the processing fee, administrative costs and a welcome incentive / pack / kit. |
1-7. |
Further, the member may be eligible for incentives or income only as per the volume of business done by him / her that is also subject to norms formulated by the Company. The Company does not assure any incentive or income to the member merely on account of his / her becoming a Club member. |
1-8. |
When the ICM becomes eligible for receiving any lump sum payment in SLP, Awards, Club Income or any other Plan based income, he / she should be continuing as an active ICM for disbursal / receiving of the Amount / Incentive derived out of the Plan. |
1-8. |
The member shall not compel or induce or mislead any person with any false statement / promises to join the Company or to purchase any product. |
1-9. |
There is no demotion of status in network hierarchy except on discovery of any mal-practice regarding attainment of status etc. |
1-10. |
The member shall not use the symbols, trademarks, brand names, or literature or other promotional material of the Company for any purpose other than what is specified by the Company. |
1-11. |
If the member decides to discontinue his / her ICMship, he / she may submit his / her resignation at any time and for any reason upon giving 30 days written notice to the Company he / she shall not be entitled to any pay out / commission whatsoever, thereafter. |
2-1. |
The Company will, in no case, entertain any communication without ID number assigned to the Club member. |
2-2. |
Any statutory charges will be deducted as per / Company norms. TDS etc. will be deducted as formulated by the Government policies from time to time. |
2-3. |
The Club member should adhere to Rules and Regulations formed by the Company and as per the Rule Book of the Company. If any member is found guilty of not observing the same, then the Code ID assigned to him / her shall be frozen forthwith and he / she will be terminated from the Company’s Club membership without assigning any reason. |
2-4. |
Once the membership is terminated, he / she can not enter into any of the Gypsy India Health Club premises, meeting locations and his / her incentives / income will be stopped immediately. |
2-5. |
The Company will not be answerable for any promise / assurance given by any ICM to any person, unless it is in accordance with the approved business plan and terms of the Company. Hence the applicant shall go through the website "www.gypsyindia.net", The Rule Book and brochures and notices issued by the Company. Through these Company sources, he / she will fully inform himself / herself on all related matters. |
2-6. |
The member has to comply with all the legal requirements for being and continuing the appointment as the ICM at any level, this includes payment of taxes, duties, regular purchases of Company products and maintaining fair and ethical trade practices. |
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Mutual Terms and Conditions between Gypsy India Health Club, and the Applicant in contained herein:
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3-1. |
The Company reserves the right to modify the terms and conditions, product, schemes, business and policies giving notice through its website “www.gypsyindia.net” and it will be binding on all, existing and new Club members of the Company. |
3-2. |
The ICM understands that any income or incentive depends on the development, of the business done by ICM. The ICM has to have a thorough knowledge of products and business plan of the Company. |
3-3. |
The ICM is not allowed directly or indirectly including by proxy means to work in other direct sales Company's activity, which may bring negative influence to the Company. Any violation may result in suspension or termination of ICMship immediately. |
3-4. |
Any person, who for whatever reason ceases to be an ICM, shall not be readmitted before the lapse of a minimum period of 6 calendar months from the date of his / her resignation / termination. The decision to re-admit an ex-ICM is entirely at the discretion of the Company. |
3-5. |
All products of the Company shall be delivered at its retail price as fixed by the Company. No member is allowed to raise of lower the price of any product of the Company. Any violation in this regard may result in suspension or termination of the ICMship of the company. |
3-6. |
The ICM is not bound to sell or promote products. However, promotion of products by the ICM or Independent Distributor is solely at his or her discretion. |
3-7. |
The ICM shall not repack the Company's products for further sale / distribution. |
3-8. |
The ICM agrees that the Company reserves the right to change the Business Plan, vary the product range, the cost, of all or any product, terms and conditions required due to change in State and Central Government policies, market conditions, competitions etc. and without personal intimation to the ICM. |
4-1. |
The ICM shall act only on the purchase and sale of the Company’s products as per the guideline the Company. |
4-2. |
The ICM will not be making any exaggerated claim about the products or their performance. Any observation or exaggerated conclusion drawn from the present or future products must be at the ICM’s own risk. |
4-3. |
The Company shall not be bound by any misrepresentation made by the ICM, which falls outside the applicable business plan as maintained by the Company. |
4-4. |
The ICM’s earning together with a computerized print out and final output of down line activity of the ICM are released within 15 days of the subsequent fortnight. |
4-5. |
Upon receiving the Earning Statement, the ICM should check properly to ensure the accuracy of the figures. |
| 4-6. |
The Company reserves the right to ignore any complaint if reported after 15 days from the receiving date of the Earning Statement. |
| 4-7. |
The ICM shall not introduce and or sale any product or service not approved by the Company or by Company's network associates. |
| 4-8. |
All payment made by the Company to the ICM are by cheques only less TDS & other deductions as applicable. |
| 4-9. |
The Company, allows active ICMs to sponsor people from any place from the Union territory of India. |
4-10. |
Acceptance of the application for ICMship does not create employer-employee relationship, agency partnership, or joint-venture between the Company and the ICM. The ICM does not have any right or authority to incur any debts, loss, liabilities and obligations or enter into any contract on behalf of the Company. |
4-11. |
Payment / Correspondence will be sent to the address furnished in the Application/Registration. Any change in address has to be immediately intimated, in writing to the Company. |
4-12. |
All demand drafts / pay orders, in favor of the Company should be made payable to “Gypsy India Health Club”, drawn on any bank at Pune. In the event of deposit into the core banking accounts of the Company, the depositor should possess the deposit counterfoil to prove the deposit into the Company’s account, in case of any miscommunication / dispute. |
4-13. |
In the event of any claim of Insurance, the standard practices, rules & regulations adopted by the Company providing coverage will be binding on the ICM / Claimant. |
4-14. |
Gypsy India Health Club may provide facilities to its ICMs / Club Members / IDs through any tie-ups with Hotels, Hospitals, Banks or any other Institutions. The ICMs / Club Members / IDs should ensure absolute discipline while utilising facilities with institutions and should ensure that the image of Monad is not tarnished at any cost. In the event of any indiscipline, the individual member who may have utilized the facility will be held responsible for the outcome, totally. If any ICM / Club Member / ID has allowed the use of such facility by proxy, also, the ICM / Club Member / ID will be held responsible for such indiscipline and in both the cases the Rules & Regulations of the Institution providing facility will hold good on the ICM / Club Member / ID. |
4-15. |
If an ICM remains defunct after completion of 1 year from the date of joining, his / her insurance coverage shall not be renewed. ICM is expected to remind the Company regarding completion of the year and continuation of the Company activities as an ICM. |
5-1. |
Any matter that is not covered above will be governed by the Rule Book of the Company, and the same shall be final and binding on the ICM. |
5-2. |
The ICM / ID will respect and follow the Code of Ethics, Terms & Conditions, Rules & Regulations of the Company in the true sense and sprit in the interest of Gypsy India Health Club. |
5-3. |
On signing the Application form / doing on-line Registration, the ICM / ID is considered to be fully aware of the Code of Ethics, Terms & Conditions, Rules & Regulations of the Company and therefore, the Company will not be responsible for non-understanding or misunderstanding of the norms of the Company. |
5-4. |
Disputes, if any, shall be settled finally by arbitration in Pune jurisdiction, and through the arbitrator of the Company only. |