Regulators

MIB directs digital media entities with FDI to share details within one month

MIB has notified more on FDI in digital media

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2020/11/16/news.jpg?itok=gheFW83B

KOLKATA: A month ago, the department for the promotion of industry and internal trade (DPIIT) clarified certain aspects of 26 per cent foreign direct investment (FDI) in digital media. The ministry of information and broadcasting (MIB) has now directed the entities having foreign investment to share details of the company and its shareholding pattern along with the names and addresses of its directors and shareholders within one month.

They have to share other details like names and address of promoters, significant beneficial owners, a confirmation with regard to compliance with pricing, documentation and reporting requirements under the FDI Policy.

Entities which, at present, have an equity structure with FDI exceeding 26 per cent will have to inform MIB and take necessary steps for bringing down the foreign investment to 26 per cent by 15 October 2021 and seek approval of the ministry. To bring any fresh investment, the entities have to seek prior approval of the government.

“Every entity has to comply with the requirements of citizenship of board of directors and of the chief executive officers (by whatever name called). The entities are required to obtain security clearance for all foreign personnel likely to be deployed for more than 60 days in a year by way of appointment, contract or consultancy or any other capacity for the functioning of the entity, prior to their deployment. For this purpose, the entities will apply to MIB at least 60 days in advance and the proposed foreign personnel shall be deployed by the entity only after prior approval of this ministry,” the ministry added in the notification.

Earlier DPIIT clarified that the rule would apply to:- 

·        Entities uploading/ streaming news and current affairs on websites, apps, other platforms;

·        News agencies which supply news to digital media entities and/or news aggregators;

·        News aggregators which, using software / web applications, aggregate content from various sources in one location.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/18/tan.jpg?itok=XTnruST1
Amazon Prime Video’s Tandav makers get I&B ministry summons?

It began with a bunch of trollers on social media fretting that the latest and much touted digital original from Amazon Prime Video Tandav had treated Hindu deity Shiva poorly in a scene a couple of days ago.

Regulators I&B Ministry
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/12/mib.jpg?itok=3PdToCzP
Committee on TRP measurement submits report to MIB

NEW DELHI: The committee formed by the ministry of information and broadcasting (MIB) to review TV viewership and measurement, led by Prasar Bharati CEO Shashi Shekhar Vempati, has shared its report today. The information was shared by minister of information and broadcasting Prakash Javadekar in a...

Regulators I&B Ministry
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/12/tv.jpg?itok=ZJ3cooU1
Draft National Broadcasting Policy ready for consultation

A bid to showcase Brand India to the world, more FDI, push for indigenous manufacturing of consumer premises equipment, and self-regulation – these are key propositions of the draft National Broadcasting Policy (NBP), which the government has proposed for the growth of India’s broadcasting sector.

Regulators I&B Ministry
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/11/shashi-shekhar-vempati.jpg?itok=70dhqj1M
NBP draft ready for consultation with Prasar Bharati CEO

A fresh broadcasting policy in India, that’s up to speed on the dynamic industry developments, has been on the cards for a long time now. Last month, the ministry of information and broadcasting (MIB) intimated that work on the National Broadcast Policy (NBP) was in full swing.

Regulators TRAI
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/12/31/w.jpg?itok=aZZEbLk1
Old controversy, new chaos: The TRP scam and all that jazz

The broadcasting industry had already been reeling under the impact of the Covid2019 pandemic when the Mumbai police came down on it, hard. On 8 October 2020, Mumbai police commissioner Param Bir Singh addressed a press conference about its investigation into an alleged scam involving the...

Regulators TRAI
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/12/24/nfdc.jpg?itok=BEQVAmp-
Cabinet approves merger of four film units with NFDC

The government has given its nod to the merger of four of its film media units with the national film development corporation (NFDC).

Regulators I&B Ministry
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/12/23/dth.jpg?itok=iyFF5whh
DTH license to be issued for 20 years, 100% FDI allowed in the sector

KOLKATA: The ministry of information and broadcasting (MIB) announced major key decisions for the direct-to-home (DTH) segment on Wednesday. The cabinet has revised guidelines for providing DTH service in India as well as licensing norms. I&B minister Prakash Javadekar stated in a briefing that...

Regulators I&B Ministry
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/12/07/trai.jpg?itok=xJDW7MPM
TRAI publishes consultation paper on platform service of DPOs

Along with re-transmitting TV channels, the distribution platform operators (DPOs) provide certain programming services which are specific to their platforms.

Regulators TRAI
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/12/05/mib.jpg?itok=FvvssQr7
MIB cautions TV channels on 'misleading' online gaming ads

KOLKATA: Amid concerns over misleading advertisements on online gaming and fantasy sports, the ministry of information and broadcasting (MIB) has issued advisory to TV channels to follow guidelines issued by the Advertising Standards Council of India (ASCI) on 24 November. “All broadcasters are...

Regulators I&B Ministry

Sign up for our Newsletter

subscribe for latest stories

* indicates required