EXIT POLICY FOR ISPs

         The Department of Telecom (DOT) has finalised a simplified exit policy, which permits Internet Service Providers (ISPs) to surrender the ISP license without starting the service, by paying surrender charges.  The surrender charges would be equivalent to 5% of the Performance Bank Guarantee (PBG) amount. 

         The companies desirous of surrendering their licenses under the above policy shall be required to submit following documents:-

 (a)       A demand draft equivalent to 5% of the Performance Bank Guarantee in the name of Pay and Accounts Officer, Department of Telecom (HQ), New Delhi, payable at Delhi.

 (b)       Board of Directors’ resolution indicating company’s decision to surrender the license under the exit policy.

 All communications in this regard should be addressed to ADG (LR-I), Room No. 1021, Sanchar Bhawan, New Delhi.