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 Important Updates

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gadadesp
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PostSubject: Important Updates   Mon Aug 15, 2011 10:35 pm

Q 1. When the Surveys will restart ?



Ans: The speakasiaonline.com website is still under control of Mumbai EOW. On Wednesday (17/08/2011) there is high level meeting of Company officials in Mumbai. On the same day the Company is going to ask EOW to hand over the access of the website back to SAOL. After that the surveys will start loading very soon.



Q 2. When will payout/EXIT option start ?



Ans: On Wednesday (17/08/2011) the Company is going to ask EOW to hand over the access to panelist's database to SAOL and allow it to put exit option on site. If they allow, SAOL will send test payments. This test payments will be sent from Singapore through TT and if the banks in India allow the payments to be credited in Indian bank accounts of panelists (which depends on RBI allowing it), it will start payouts.



Q 3. Where is the CEO and other top Management Officials of SAOL ? Why they are not giving public appearance ?



Ans: At this point of time the real battle is being fought in the court of law. SAOL has hired one of the best legal firm of India which is obvious from victory after victory at legal front. As of now the COO of the Company is leading the battle from front along with other warriors of the contingent. Whenever there will a point where the presence of the CEO and other top officials will be mandatory, they will be their without fail and any question.



Q 4. When the registration of the Company in India will be done and when the normal operations of SAOL will start ?



Ans: As BizBasket team has written in earlier articles in detail, registration of the Company is an event dependent on the approval of RBI as per section 591 of the Companies Act 1956. SAOL has already sent the business model in writing as required by the RBI after the Honorable Mumbai High Court judgement in favor of SAOL. Now the decision is pending with the RBI. As soon as it gives the clearance the registration process will be completed very soon. Once the registration is over the normal day to day business of the Company will start automatically.
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