Last Updated: [Insert Date]
GREYSTAR BIOTECH PRIVATE LIMITED is committed to conducting its business in compliance with the Consumer Protection Act, 2019 and the Consumer Protection (Direct Selling) Rules, 2021 issued by the Government of India.
This page provides important information regarding the Company's legal status, customer protection measures, grievance redressal mechanism, refund procedures, buy-back arrangements, and direct selling operations.
| Company Name | GREYSTAR BIOTECH PRIVATE LIMITED |
| CIN | U47190BR2024PTC068150 |
| Registered Office Address |
DS1D, Ward No. 12, Village Post Begampur, Samastipur, Bihar – 848101, India |
| Business Type | Product Based Direct Selling Company |
| Business Model | Direct Selling + E-Commerce |
| Compensation Structure | Binary Plan Based Compensation System |
| Support Email | support@greystarworld.in |
| Website | www.greystarworld.in |
GREYSTAR BIOTECH PRIVATE LIMITED operates a legitimate product-based direct selling business.
The Company does not promote or operate:
Income opportunities offered by the Company are based upon lawful product sales and business development activities.
Individuals may participate in the Company's business opportunity by registering as an Independent Business Owner (IBO).
IBOs are independent contractors and are not employees, agents, franchisees, partners, or representatives of the Company.
Participation in the business does not guarantee any income, commission, bonus, or financial success.
The Company is committed to:
Customers may return eligible products within fifteen (15) days from the date of delivery subject to the Company's Return Policy.
Products must generally:
Approved refunds are generally processed within fifteen (15) working days after successful verification and approval.
Refunds may be issued through:
An Independent Business Owner who wishes to discontinue the business may request buy back of eligible unsold products subject to the Company's Buy Back Policy.
Eligible products may be repurchased at up to ninety percent (90%) of the Net Purchase Value, after deduction of applicable taxes, commissions, bonuses, incentives, administrative charges, and other lawful deductions.
To maintain transparency and prevent fraud, the Company may require:
KYC verification may be mandatory before commission payments and withdrawals.
Commissions and bonuses are subject to:
Minimum Withdrawal Amount: INR 500
Approved withdrawals are generally processed within seven (7) working days.
The Company does not guarantee any income, commission, bonus, incentive, reward, or profit.
Actual earnings depend upon:
Customers, distributors, and IBOs may submit grievances relating to:
The Company shall make reasonable efforts to acknowledge complaints within 48 business hours and resolve grievances within 30 days.
Grievance Officer Name: [Update Name]
Email: support@greystarworld.in
Mobile: [Update Mobile Number]
The following activities are strictly prohibited:
The following policies are available on the Company's website:
This Direct Selling Compliance Page shall be governed by the laws of India.
All disputes shall be subject to the exclusive jurisdiction of the competent courts located in Samastipur, Bihar.
GREYSTAR BIOTECH PRIVATE LIMITED
CIN: U47190BR2024PTC068150
DS1D, Ward No. 12, Village Post Begampur,
Samastipur, Bihar – 848101, India
Email: support@greystarworld.in
