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Govt asks FM radio players to furnish details for security clearance

MUMBAI: The Ministry of Information and Broadcasting (MIB) has asked private FM radio operators to furnish all their details for security clearance with regard to the migration for the upcoming Phase III expansion auctions.

The FM Phase III policy, besides allocating FM radio channels to new entrants, has a provision for existing FM licences to migrate to FM Phase III regime. It is therefore imperative that the requisite information, along with supporting documents (such as copy of passport), be provided to the MIB by 5 January.

The ministry has also asked the FM radio broadcasters to report any vacancy in their boards of directors or of any key executives in the company.

As per the format, the MIB has asked for full name of the companies and the foreign collaborator, if any, including details of the board. Besides, it requires the date of registration, present and permanent address of head office, regional office and registered office, joint ventures, activities and other businesses, names of CEOs and partners, shareholding pattern for the applicant and the investing company, if applicable, along with ultimate ownership of shareholding companies and detailed particulars of owners.

Regarding details with respect to the board of directors and key executives, the MIB seeks the full names of the directors and key executives including CEO, head of finance and head of marketing.

In addition, it requires details of the present position held with joining date, date of birth, parentage, present and permanent address, nationality, passport number and issue date, and contact number.