Technology

Satellite broadcasting companies given final opportunity to give networth details and balance sheet for 2011-12

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NEW DELHI: Over forty broadcasting companies have been asked by the Information and Broadcasting Ministry to give by 15 July certain details relating to their balance sheet for the year 2011-12, networth, and details of the satellite being used by them for beaming their television channels.



Noting that this is the ‘last and final opportunity’, the Ministry has warned that the details are not given in the proforma drawn up by the Ministry, then appropriate action will be taken ex-parte in accordance with the extant guidelines. 



The notice also wants the composition of the Board of Directors of the company, the shareholding pattern including foreign investment, renewal details along with the renewal fee paid, details of Teleport and satellite from which Uplinking/Downlinking is being done, and operational Status of the channel including WPC validity and NOCC Certificate.



lf the channels is not operational, then the status of PBG submission/encashment etc. has to be submitted.



The Ministry had called meetings in batches of different channels to learn about their status, and has attached a list of 44 companies which did not attend the meetings. However, it has said that this list is not exhaustive and whichever company has not given the details according to the format should do so by 15 July.



The list of 44 companies which failed to attend the meetings includes Broadcast Worldwide, Hindustan Broadcasting, Indo-Asian News Channel, Music Choice India , TVC Skyshop and UTV Entertainment Television.

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