Amendment of section 35ABB

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....either before the commencement of the business to operate telecommunication services or thereafter at any time during any previous year" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 1996; (b) in the Explanation to sub-section (1), for clause (i), the following clause shall be substituted and shall be deemed to have been substitut....

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....rwise transfers the licence to the resulting company (being an Indian company), - (i) the provisions of sub-sections (2), (3) and (4) shall not apply in the case of the demerged company; and (ii) the provisions of this section shall, as far as may be, apply to the resulting company as they would have applied to the demerged company if the latter had not transferred the licence.";....