Ministry approval required for transponder hiring remittances; banks may process payments after receiving ministry clearance. Remittance of hiring charges for transponders by television channels and internet service providers requires prior approval of the respective government ministries; Authorised Dealer banks may effect such remittances on receipt of the required ministry approval without reference to the central bank, and Schedule II is amended to record these approvals as the precondition.
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Provisions expressly mentioned in the judgment/order text.
Ministry approval required for transponder hiring remittances; banks may process payments after receiving ministry clearance.
Remittance of hiring charges for transponders by television channels and internet service providers requires prior approval of the respective government ministries; Authorised Dealer banks may effect such remittances on receipt of the required ministry approval without reference to the central bank, and Schedule II is amended to record these approvals as the precondition.
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