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Salient Features
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Applicant
company to be an Indian company registered under Indian Company’s
Act 1956.
Total foreign equity holding including FDI/NRI/OCB/FIT in
the applicant company not to exceed 49 per cent.
FDI component of the foreign equity not to exceed 20 per cent.
The quantum represented by that proposition of the paid up
equity share capital to the total issued equity capital of
the Indian promoter company, held or controlled by the foreign
investors through FDI/NRI/OCB/FII investments, shall form
part of the above said FDI limit of 20 per cent.
The applicant company must have Indian management control
with majority representatives on the board as well as the
CEO of the company being a resident Indian.
Broadcasting companies and or/cable network companies shall
not be eligible to collectively own more than 20 per cent
of the total equity of applicant company at any time during
the license period. Similarly, the applicant company should
not have more than 20 per cent equity share in a broadcasting
and/or cable network company.
(i) Number of licensees: There will be no restriction on the
total number of DTH licensees.
(ii) License will be valid for a period of 10 years.
(iii) The licensee shall pay an initial non-refundable entry
fee of Rs. 10 crore (before issual of operational license
by wireless planning and coordination (WPC) and an annual
fee equivalent to 10 per cent of its gross revenue in the
particular financial year within one month of the end of that
year.
(iv) The licensee shall also in addition pay the license fee
and royalty for the spectrum used as prescribed by (WPC),
under the Department of Telecom.
(v) Within one month from the date of signing the licensing
agreement with the Ministry of I&B, the licensee shall
execute a Bank Guarantee (Form-C) for an amount of Rs. 40
crore valid for the duration of the license.
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