A and B, close friends who graduated from a renowned college, want to start an 'Other Service Providers' (OSP) company for commercial purposes in Rewari, Haryana. What licenses and documents are needed to obtain to opera
CS Executive · Setting Up of Business, Industrial and Labour Laws · PYQS · June 2024
A and B, close friends who graduated from a renowned college, want to start an 'Other Service Providers' (OSP) company for commercial purposes in Rewari, Haryana. What licenses and documents are needed to obtain to operate as a licensed OSP, similar to other service providers?
Answer & Explanation:
Business entities which provide internet services or engaged in commercial communications i.e. call center, BPO, Tele-education, Tele-banking, tele networking, e-commerce and other IT enabled services who are categorised as 'Other Service Providers' (OSP) under New Telecom Policy, 1999, must obtain a telecom license from Department of Telecommunication (DoT) under Ministry of Communications, Government of India. The telecom license entitles the entities to provide telecommunication services in India. OSP license shall be categorized into two types: Domestic OSP - OSP providing services to clients located within national boundaries of India International OSP - OSP providing services to clients outside India. So, considering the above facts, A and B require Domestic OSP as they want to setup business in Rewari, Haryana which is in India. Process: A company registered under the Companies Act, 2013 or under any other previous law i.e., the Companies Act, 1956 or LLP registered under Limited Liability Act, 2008 or Partnership Firm or organisations registered under Shops and establishment Act are eligible to obtain OSP license. To Obtain a OSP license, the Company or LLP shall file an Application in specified Form to the DoT through online on DoT portal. OSP license is a location specific and can have multiple registrations for each such site. Documents required to obtain license: Certificate of Incorporation issued by ROC; Memorandum and Articles of Association; Copy of LLP Agreement; Board resolution Power of Attorney authorizing the Authorized signatory with attested signature; Resolution passed by all designated partners or Partners as per provisions of LLP Act; A Note on nature of business or activities of the proposed OSP; List of present directors of the Company; List of present designated partners of LLP; Present Shareholding pattern of the Company; Present Shareholding pattern of LLP. All the documents must be certified with seal by company secretary or one of Directors or Statutory Auditors or public notary in case of Company. All documents must be certified with seal by either designated partner or all partners or statutory Auditors or public notary in case of LLP. The OSP license is valid for a period of 20 years and can be extended for further period of ten years from the expiry of twenty years. State level Approval from the respective State Industrial Department.
Topics: Business Licenses
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