Friday, August 20, 2010

Frequently Asked Questions

GENERAL
HOW TO JOIN IN TYCOONS EMPIRE?
New entrants can register only through the introduction of existing members of Tycoons Mall an online webg portal of Tycoons Empire Corporate which markets innovative products. If any new entrants directly walk-in / raise queries through phone or email, then this enquiry will be forwarded to active leaders only.
HOW I CAN MAKE PAYMENT TO TYCOONS EMPIRE?
TYCOONS EMPIRE MLM India Limited accept the payments only as Demand Draft(DD) drawn in the name of ‘TYCOONS EMPIRE MLM India Limited’ payable at Chennai or can pay cash to our authorized stockiest ( share points) who have the authenticated certificates from our admin and get prepaid pin to do the signup. If the payment is made in any other form, then TYCOONS EMPIRE MLM India Limited is not responsible for any mishappenings.
HOW CAN I JOIN?
To become a member of TYCOON MALL of Tycoons Empire Corporate, follow the given steps below:
1. Make the payment.
2. Inform us about your payment .
(Provide Reference number) and requirement of PIN.
3. Get the PIN on your Email or through the Pin Bank of your sponsor.
4. Click to registration and follow the registration steps.
DO YOU ACCEPT BANK TRANSFER?
Yes, Just transfer the entry amount to the account numbers of our Bank Accounts provided hereunder. Once the transfer is made, you have to inform us about the transaction details either through scanned copy of email or fax message. On the receipt of the payment transaction details, we will provide the PIN through UR email id.
CAN I MAKE CASH PAYMENT?
Yes u can make cash payments but to a limit of Rs.49, 000-00 per transfer. We always prefer DD/Cheque transactions made to our Bank Accounts.
CAN I CHANGE MY PLACEMENT?
The placement of a new entrant cannot be changed at any point of time. Hence before confirming the registration check twice about your placement.
HOW LONG DOES IT TAKE FOR MY BANK TRANSFER OF FUNDS TO BE ADDED TO MY ACCOUNT?
Your account will be updated as fast, as you deposit, with a condition of 12 business hours.
CAN I MAKE AN ADDITIONAL (TOP – UP) TO TYCOONS EMPIRE ACCOUNT ONCE IT HAS BEEN OPENED?
Yes, you can but all transactions are handled separately.
DO YOU OFFER REFERRAL PROGRAM?
Yes, we pay binary & direct referral incentive.

To know more please visit our business plan section or get explained by one of our members.
WHO ARE ELIGIBLE TO JOIN TYCOONS EMPIRE?
By our registration policy a family can have only one entries. The documentary proof to validate a family is by producing Indian government Family Ration Card or PAN Card. If the member cannot produce a Family Ration Card of their family, then we accept an authentication letter from VAO which contains their family details. In case a family has multiple entries then all the duplication of entries will be blocked.
WHO CAN TAKE THE SHARE POINT OF TYCOONS EMPIRE?
Anyone who is over 21 years of age and serious about making money can take the Share Point of Tycoons Empire any where in India based on the availability of that place.
WHETHER TYCOONS EMPIRE MLM INDIA LIMITED IS SELLING ANY PRODUCTS?
Yes; we are selling products through TYCOON MALL, which is our online web portal. In that web portal, we are selling innovative products.
WHY PROVIDING THE DETAILS OF PAN CARD A MUST?
To deduct the TDS and issuing of Form 16 to our members for the betterment of their tax accounting practice, we require their PAN CARD details.
HOW ONE CAN KNOW THAT THE REGISTRATION COMPLETED OR NOT COMPLETED?
When you click the submit button in the final registration form you will get a signup copy of the details of your registration along with a login number and password. By logging with these details in our website you can get the confirmation of your registration.
WHETHER PRODUCING OF IFSC CODE A MUST?
Yes, IFSC stands for Indian Financial System Code. Since Tycoons Empire payout system is using (RTGS, CFMS and NEFT) we need IFSC code, which you must clearly enter into your profile.

If the IFSC Code is Incorrect then we are not responsible for hanging of payout. So, Please ensure that the payee name, payee full name account number, branch name and IFSC code is provided in the member profile in details. In case if there is any change, kindly send email to support@tycoonsempire.com to delete/modify the IFSC code.
IF I AM NOT HAVING THE IFSC CODE OF MY BANK ACCOUNT?
No issues. You can update any time. Otherwise you can raise a request to send a “Demand draft “to the address mentioned in your registration application form or in the modified member’s profile in the member page of our website.
WHAT IS THE TIME TAKEN TO CREDIT THE MEMBER ACCOUNT ON THE PAYMENT CUTOFF DAY?
Please note that the actual time taken to credit the account depends on the time taken by the Payee`s bank to process the payment. The money will reach Payee`s bank within the time stipulated by Reserve Bank of India. We are not responsible for charges/commission of any kind levied/charged by the Payee`s Bank.
HOW CAN I CHANGE MY PASSWORD?
You can change your password directly from your member’s area by clicking "Edit your account info".
WHAT SHOULD I DO IF I CAN`T LOG INTO MY ACCOUNT BECAUSE I FORGOT MY PASSWORD?
No issues. Click the forgot password link, type your username or e-mail and you`ll receive your account information, please contact support@tycoonsempire.com if you still can`t login to your account.
HOW CAN I CHECK MY ACCOUNT BALANCES?
You can access the account information 24 hours, seven days a week (even holidays) over the Internet in your member page.
WHO MANAGES THE FUNDS?
These funds are managed by a team of Tycoons empire investment experts.
What is the product repurchase?
As for our company growth, having product repurchase scheme. Members, who earn commission in Referral and Binary need to spend their commission earned for to purchase new product from company.
Any slabs in product repurchase?
Yes, there is a slab in product repurchase. Following is that 20,000 to 99,999 earnings deducted by 10%. 1,00,000 to 1,49,999 earnings deducted by 15%. 1,50,000 and above earnings deducted by 20%.

Terms


Registration
   Tycoons Empire International Limited welcomes New Entrants sponsored only through existing Tycoons Empire International Limited MALL Members.

  Tycoons Empire International Limited accept the payments only as Demand Draft(DD) drawn in the name of ‘Tycoons Empire International Limited’ payable at Chennai or can pay cash to our authorized stockiest ( share points) who have the authenticated certificates from our admin and get prepaid pin to do the signup. If the payment is made in any other form, then Tycoons Empire International Limited is not responsible for any mishappenings.

  The corporate has a policy for new entrant registration. One Family can take ONE ENTRIE in the corporate referral plan. Each registrant should submit their pan Card Xerox or family ration card or a letter from the VAO stating the list of the family members. Based on this document only, the entry will be validated.

  All our members should submit their PAN Card details at the time of the registration. If any of the new entrants doesn’t have PAN Card then they should submit a new application form to the corporate for obtaining new PAN Card. The payments will be released to the members only if PAN Card number is provided and if it is not provided the PAN Card details.

  The placement of details of any new entrant will be validated based on the information received from the sponsor member only. Any dispute regarding will not entertained by the corporate. The sponsor’s word is final.

  When the registration is completed in all respects and the membership is validated by the admin the new member will be in our active member database for the next 36 months which is the agreement period for obtaining dividend from the preferential allotment of projects or rebates distributed for the purchase of products from TYCOON MALL.
 
Income Details
   Tycoons Empire International Limited provides three types incomes to their members. They are Monthly Benefits, Direct referral Commission, and Binary Commission.
Monthly Benefits For Members:
 
 
  1. Monthly Benefits as Loyalty Points are purely based on products purchased through TYCOON MALL.
  2. Tycoons Empire International Limited assures the members a monthly issuance of Loyalty Points of 10% for their allotted P.V through the product purchase in TYCOON MALL, when the member satisfies the corporate’s rules and regulations.
  3. Monthly Issuance will be paid up to the end of their agreement period. If he/she is doing top-up in their account during the agreement period, they receive monthly issuance for their top up amounts also till the agreement period only.
  4. The membership holds good with the corporate for the agreement period of 36 months and the membership perishes at the end of the agreement period.
Direct Referral Spot Incentive:
 
 
  1. Tycoons Empire International Limited give their members a DRSI - Direct Referral Spot Incentive @ 10% on the allotted P.V at the time of the top up done by the members, when they directly introduce new entrants.
  2. The DRSI will be added to the member’s e-wallet account and will be released during the fortnight payment release.
Binary Referral Incentive:
 
  1. Binary Referral Incentive is based on tree of growth of every individual member.
  2. Binary Referral Incentive is calculated from their accumulation of Point Values (P.V)). 1 P.V = Rs. 1.00
  3. Tree structure is of Binary type with left and right nodes.
  4. PV value is calculated from the node’s business amount.
  5. Every new entrant in the left and right nodes will be accumulated and calculation will be done every week by taking 20 lac P.V matching on either node with 2 lac P.V as the income capping limit @ 10% for that week. If accumulation is more than 20 lac P.V then the excess P.V will be flushed out as to the matching P.V accumulated in the weak side.
  6. For calculation of binary incentives, 1st set should be 1:2 or 2:1 Pair PV match and further pairs will get matched P.V
  7. His/ Her unmatched Point value is carry forward to next payout.
  8. Income Capping Limit for the binary incentive is 2 lac P.V every week and the incentive will be accumulated for every 15 days and will be released once a fortnight.
  9. The minimum income release will be 1,000 P.V
Loyalty Points Issuance:
This Loyalty Points will be issued to the members based on their entry date for the next 36 months with a portion as Direct Referral Issuance on MI for the direct sponsors.