FDI ceiling in telecom: compliance deadline extended to give existing licensees additional time to meet prescribed conditions. The Department amended the compliance timeline under Press Note 5 (2005 Series) for telecom service provider companies, extending the period to meet the conditions set out in that Press Note. An initial four month correction period was provided and previously extended to 2 July 2006; the Department further extended the compliance period w.e.f. 3 July 2006 up to 2 October 2006, and Press Note 5 (2005 Series) is modified to that extent.
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FDI ceiling in telecom: compliance deadline extended to give existing licensees additional time to meet prescribed conditions.
The Department amended the compliance timeline under Press Note 5 (2005 Series) for telecom service provider companies, extending the period to meet the conditions set out in that Press Note. An initial four month correction period was provided and previously extended to 2 July 2006; the Department further extended the compliance period w.e.f. 3 July 2006 up to 2 October 2006, and Press Note 5 (2005 Series) is modified to that extent.
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