The Ministry of Communications on 2nd August, 2022 has issued a circular notifying the amendment in Unified Access Service License (UASL) Agreement for change in FDI Compliance Report. The amendment revises the date of submission of compliance report by the licensee regarding license and security conditions on Indian and foreign equity to the licensor for the position as on 1st of January and 1st of July. The date is extended from 7th of January and July to 1st day of January every year in the prescribed form. If there is a change in FDI in the Licensee’s company, the Licensee shall submit FDI Compliance report within 15 days.
The date of declaration of paid up capital and submission of compliance report has also been amended from 1st day of January and July to 1st day of January every year, in the prescribed form by the licensee to the licensor.
