Regulators

I&B ministry clears FII investment in TV news channels

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/regulators-images/2016/05/02/inb.jpg?itok=NTzy6OHS

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/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/23/teleport%20%281%29.jpg?itok=MIdbJLQa
MIB urgently seeks pending 78 channels' equipment details

The government of India expects all TV channels to submit technical details of their respective equipment for the purpose of monitoring. In all, 78 channels have failed to do so.

Regulators I&B Ministry
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/23/trai-800x800%20%281%29.jpg?itok=SoAwDZM2
TRAI recommends e-KYC for outstation customers

The Telecom Regulatory Authority of India (TRAI) has issued its Recommendations on (i) "Verification of existing mobile subscribers through Aadhaar based e-KYC services" and (ii) "Permitting outstation Aadhaar card holders for e-KYC of mobile subscribers."

Regulators TRAI
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/23/apurva_purohit.jpg?itok=SDxaXhCO
Music Broadcast plans IPO; to make buys

MUMBAI: Music Broadcast Private Limited, which operates one of the leading FM radio stations -- Radio City -- is planning to list. It is preparing to bring out a public offer of over Rs 500 crore comprising a fresh issue of Rs 400 crore and an offer for sale of 26.59 lakh equity shares by the...

Regulators I&B Ministry
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/23/RS-Sharma.jpg?itok=o62PRop9
No exclusive pacts with telcos: TRAI to building-owners; CTI mooted

MUMBAI: The Telecom Regulatory Authority of India (TRAI) has issued its recommendations on "In-Building Access by Telecom Service Providers".

Regulators TRAI
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/20/Ravi_Shankar_Prasad_1.jpg?itok=Z5Pivzoy
Dist. National Informatics Centres to be of international standards

NEW DELHI: Electronics and Information and Technology Minister Ravi Shankar Prasad has said the National Informatics Centre is the “technological bridge of India and is best placed to lead the way for a Digital India”

Regulators I&B Ministry
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/20/Shaktikanta-Das-800x800.jpg?itok=vKvAAMgZ
Idea, Star Den among Rs-1200 cr FDI proposals approved; latter to switch to investing biz

NEW DELHI: Star Den Media Services and Idea Cellular are among the six proposals cleared by the government on Thursday for receiving foreign direct investment (FDI) of around Rs 1,200 crore.

Regulators I&B Ministry
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/19/TDSAT-800X800.jpg?itok=FKUjT1Ve
TDSAT recalls attachment proceedings against MSO Sadhna Media

NEW DELHI: The Telecom Disputes Settlement and Appellate Tribunal has recalled its order of attachment of properties of Sadhna Media Pvt Ltd after Siti Cable Network Ltd confirmed that the demand draft of Rs 26,87,793 handed over to it last month was in full and final settlement of a case pending...

Regulators TDSAT
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/18/trai-800x800%20%281%29.jpg?itok=jYZPP0mf
CASBAA hails judicial review of broadcast & cable tariff

CASBAA, the association of Asia's pay-TV industry, has applauded the judicial review now under way in India of proposed extension and tightening of India's pay-TV rate regulations.

Regulators TRAI
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/18/Venkaiah-Naidu1.jpg?itok=O6x650Vf
Mass Comm courses in regional languages significant: Naidu

NEW DELHI: Information and Broadcasting Minister M Venkaiah Naidu has stressed the vast need of skilled personnel in the media and entertainment sector in the country as the sector was expanding rapidly. The Minister referred to the prominent role being played by the Government’s Skill India...

Regulators I&B Ministry

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories