Aravind has recently completed Telecommunications engineering and he is keen in starting his own venture for Telecommunication support services. He has heard about OSP License and approached you to get more information o

CS Executive · Setting up of Business Entities and Closure · PYQS · December 2019
Aravind has recently completed Telecommunications engineering and he is keen in starting his own venture for Telecommunication support services. He has heard about OSP License and approached you to get more information on it. Brief him, on the purpose, authority authorised to issue such license, documents necessary for making application and compliance after registration.

Answer & Explanation:

OSP Registration According to the New Telecom Policy (NTP) 1999, service providers in India involved in providing services like tele-banking, tele-medicine, tele-education, tele-trading, e-commerce, call center, network operation center and other IT Enabled Services, using telecom resources are termed as "Other Service Providers" (OSP). These OSP's are required to obtain an OSP Registration from the Department of Telecommunication (DoT). If Aravind is keen on starting his own venture for telecommunication support services, he has to know about the OSP License procedures which are as follows: To obtain an OSP Registration in India, it is mandatory for the entity to be a Private Limited Company. Therefore, entrepreneurs having plans for starting a call center or BPO or e-commerce or other IT Enabled Services must incorporate a Private Limited Company. The following are the documents necessary for OSP Registration in addition to the application in the prescribed format: Certificate of Incorporation of Private Limited Company Memorandum of Association (MOA) and Articles of Association (AOA) Board Resolution or Power of Attorney authorizing the authorized signatory Name of business and activities proposed List of directors Present shareholding The above documents must be certified with seal by a Company Secretary, or director of the company or statutory auditor or public notary. The compliances after registration are: (a) OSPs are required to submit an "Annual Return" to the DOT mentioning the activities undertaken and the present status of the OSP. The annual return for OSP License renewal must be submitted within 6 months of completion of financial year. (b) Maintaining compliance with the terms and conditions prescribed by the DOT for OSP.

Topics: Business Licenses & Registrations

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