MIB amends FM Radio Phase-III Policy

Oct 04, 2022 | by TeamLease RegTech Legal Research Team

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Industry Specific Compliance The Ministry of Information and Broadcasting (MIB) on October 04, 2022 has issued amendments in FM Radio Phase-III Policy Guidelines.

The following has been stated namely: -

• The 3-year window period for restructuring of FM radio permissions within the same management group during the license period of 15 years has been removed.

• The 15% National cap on channel holding has been removed.

• An applicant company can now participate in bidding for ‘C’ and ‘D’ category cities with a net worth of just Rs.1 crore in place of Rs.1.5 crore earlier.

[Release ID: 1865015]

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