Effective Date: [Insert Effective Date]
GREYSTAR BIOTECH PRIVATE LIMITED ("Company", "Greystar Biotech", "we", "our", or "us") operates a product-based direct selling business. This Income Disclaimer & Earnings Disclosure Policy is intended to provide transparency regarding income opportunities, commissions, bonuses, incentives, and earnings associated with participation in the Company's business model.
Company Name: GREYSTAR BIOTECH PRIVATE LIMITED
CIN: U47190BR2024PTC068150
Registered Office: DS1D, Ward No. 12, Village Post Begampur, Samastipur, Bihar – 848101, India
Email: support@greystarworld.in
GREYSTAR BIOTECH PRIVATE LIMITED does not guarantee any specific income, earnings, commissions, bonuses, rewards, incentives, profits, or financial success to any customer, Independent Business Owner (IBO), distributor, affiliate, or participant.
Any income generated through participation in the Company's business opportunity is entirely dependent upon the individual participant's efforts, skills, sales activities, leadership abilities, market conditions, customer acquisition, compliance with Company policies, and other factors beyond the Company's control.
Every participant's experience is unique. Some participants may earn commissions or bonuses, while others may earn little or no income at all.
Individual earnings may vary significantly based on:
Participation in the Company's business opportunity does not constitute employment.
Independent Business Owners (IBOs) are independent contractors operating their own business activities and are not employees, agents, franchisees, partners, or representatives of the Company.
The Company does not provide salaries, wages, fixed income, employment benefits, pensions, insurance, or guaranteed compensation.
The Company's business opportunity is not a "get-rich-quick" scheme, investment scheme, lottery, money circulation scheme, chain money scheme, or passive income program.
Success in direct selling requires consistent effort, product promotion, customer service, sales development, leadership, and compliance with Company policies.
Any income examples, commission illustrations, bonus projections, success stories, promotional materials, testimonials, training content, presentations, videos, social media posts, or marketing materials are provided solely for illustrative and educational purposes.
Such examples should not be interpreted as promises, guarantees, projections, warranties, or assurances of future earnings.
The Company's compensation plan may include various forms of compensation, including but not limited to:
Eligibility for such benefits is subject to qualification criteria, compliance requirements, product purchases, sales activities, business performance, and Company policies.
The Company reserves the right to modify, suspend, revise, or discontinue any component of the compensation plan at any time.
Participation in the Company's business opportunity should not be considered an investment, financial product, investment contract, securities offering, or wealth creation guarantee.
Prospective participants should evaluate the business opportunity independently and seek professional advice if necessary.
GREYSTAR BIOTECH PRIVATE LIMITED operates as a product-based direct selling company.
Income opportunities are intended to arise primarily from the lawful sale and distribution of products and services. Participants are expected to focus on genuine retail sales and ethical business development activities.
Independent Business Owners (IBOs) and distributors shall not:
Violation of this policy may result in suspension, termination, withholding of commissions, or legal action.
All participants are solely responsible for their personal tax obligations, statutory filings, and financial reporting requirements.
The Company may deduct applicable TDS, GST, government levies, or other statutory deductions as required under applicable laws.
Past earnings, success stories, testimonials, awards, rankings, incentives, and achievements do not guarantee future results.
Future performance depends on numerous variables that cannot be predicted or controlled by the Company.
The Company shall not be liable for any business losses, financial losses, loss of profits, indirect damages, consequential damages, or missed earning opportunities arising from participation in the business opportunity.
GREYSTAR BIOTECH PRIVATE LIMITED reserves the right to modify, update, amend, replace, or withdraw this Income Disclaimer Policy at any time without prior notice.
Any revised version shall become effective immediately upon publication on the Company's website or mobile application.
This Policy shall be governed by and construed in accordance with the laws of India.
Any disputes arising under or in connection with this Policy 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
