Regulators

I&B ministry clears FII investment in TV news channels

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/regulators-images/2016/05/02/inb.jpg?itok=31DLP2ju

MUMBAI/NEW DELHI: The information and broadcasting ministry has cleared the decks for foreign financial institutions investing in television news channel ventures by issuing some modifications to the existing guidelines.

The ministry has said that FIIs can invest in news channels and companies managing them, but the total foreign investment component will remain capped at 26 per cent. In effect, this means that FII investment has to be part of the total foreign investment allowed, including foreign direct investment.

An official in the I&B ministry said that it was a matter of interpretation, but since some clarifications were sought by media companies, the ministry has decided to remove the ambiguities.

The official also pointed out that it was only after this ambiguity was removed that NDTV got a clearance recently from the ministry for uplinking its proposed business channel from India.

On 10 December, 2004 NDTV had issued a notice to the Bombay Stock Exchange (BSE) stating that it has asked FIIs, NRIs and all persons resident outside India not to deal in its shares. Pointing out that the ministry of information and broadcasting had amended guidelines and foreign investment norms for news and current affairs news channels, the NDTV notice had said that Clause B prescribes that foreign direct investment (FDI) shall not exceed 26 per cent of the paid-up equity capital of the applicant company.

The FIIs issue, according to an earlier interpretation of the ministry, had sent some listed media companies like Television Eighteen Ltd, TV Today Network and NDTV LTD, scurrying to the government seeking clarifications.

It had been pointed out by the media companies that keeping a tab on FII investments in listed companies on a daily basis, where buying and selling happens on the markets, would be difficult and that the Companies Act allows FII investment in various sectors, subject to sectoral foreign investment caps.

Clause D of the guidelines states that while calculating the 26 per cent FDI in the equity of the applicant company, the foreign holding component, if any in the equity of the Indian shareholder companies of the applicant company, will be duly reckoned on a pro-rata basis, so as to arrive at the total foreign holding in the applicant company. Clause F states that it is obligatory on the part of the company to take prior permission from the MIB before effecting any alteration in the foreign shareholding patterns and the shareholding of the largest Indian shareholders.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/12/MIB-Broadband.jpg?itok=YfPsTbrr
MIB to hold MSO conference on 18 December

Ministry of Information and Broadcasting (MIB), through Broadcast Engineering Consultants India Ltd (BECIL), is organising a conference of MSOs, the cable TV industry representatives, that will be held on 18 December in New Delhi. The discussions will pertain to several issues related to broadband...

Regulators I&B Ministry
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/11/tdsat.jpg?itok=kIf9-v7K
TDSAT gives 30 days to Tata Sky, IndiaCast to sign agreement

Direct to home (DTH) operator Tata Sky and TV18-owned content distributor IndiaCast Media have got another 30 days from the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) to enter into a content agreement under the ongoing legal spat between the two regarding a disconnection notice.

Regulators TDSAT
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/10/Sunil-K-Gupta.jpg?itok=or6ypF7L
TRAI secretary Sunil K Gupta explains need for tariff order

After several twists and turns, Telecom Regulatory Authority of India’s (TRAI) new tariff order crossed its last legal hurdle in the Supreme Court on 30 October. Now, with less than one month left for the implementation of the regulations, several questions still concern the industry stakeholders.

Regulators TRAI
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/08/trai.jpg?itok=z2G-2VQA
TRAI extends deadline for comments on OTT consultation paper

India’s telecom and broadcast regulator TRAI released a new consultation paper last month on OTT services seeking to expand the definition of the sector and also the regulator’s jurisdiction over a sector till now “unregulated”. The deadline for receiving comments on the consultation paper has been...

Regulators TRAI
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/08/mib.jpg?itok=Kzf1iXym
MIB proposes to strengthen govt-citizen interface

Months after a country-wide uproar and nudges from the judiciary forced the Indian government to shutter a Big Brother-type initiative involving tracking of Indians’ digital footprints, Ministry of Information and Broadcasting is taking another shot to “understand citizen views expressed publicly...

Regulators I&B Ministry
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/08/FDI.jpg?itok=vXiDm30i
MIB mulls national b'cast policy to ease stakeholders' woes

India’s Ministry of Information and Broadcasting is exploring formulating a national broadcast policy or NBP with an aim to ease lengthy and time consuming government processes that media and entertainment industry players have to go through while conducting their businesses.

Regulators I&B Ministry
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/07/amit.jpg?itok=1lszKH_5
New DTH policy bonanza for operators likely by year-end

If all goes well, India’s DTH operators may have something to cheer about in the new year.

Regulators I&B Ministry
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/07/court.jpg?itok=mgFwLERD
TRAI tariff issue back in Supreme Court

The twists and turns in the case of a new tariff regime being sought to be implemented by broadcast and telecoms regulator TRAI continues. It has filed a petition in the Supreme Court on the issue of 15 per cent cap on discount on a bouquet price of TV channels to consumers that had been set aside...

Regulators TRAI
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/06/mib.jpg?itok=FXyBYG-T
MIB secy Amit Khare advocates self-regulation in media

Making a strong case for self-regulation, Ministry of Information & Broadcasting Secretary Amit Khare today said it was a better regulatory approach for India’s media and entertainment sector.

Regulators I&B Ministry

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories