Trai to streamline M&A process for ease of doing business

Trai asked the Department of Telecom (DoT) to make the penal process smoother such that telcom companies are not unduly penalised.

The telecom regulator, Trai, has approved faster processing of merger and acquisition (M&A) proposals.
 
The authority will streamline the penalty levy process among several steps, which is aimed at improving ease of doing business in the telecom sector.
 
"Promoting ease of doing business is essential for unhindered growth of the telecom sector and is amongst the priorities of the government. To support and actively encourage this, processes that telcos go through should be reviewed, simplified and/or combined to economise efforts of telcos and government," the Telecom Regulatory Authority of India (Trai) said in its recommendations, which need to be cleared by the DoT.
 
The regulator said the telecom department should state a definite timeline, not exceeding 30 days post National Company Law Tribunal (NCLT) approval, which will enable transfer or merger of licences, it said, adding that it should be made a part of the M&A guidelines as well. 
 
Trai asked the Department of Telecom (DoT) to make the penal process smoother such that telcom companies are not unduly penalised.
 
Source: ET

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