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<\/span><\/figcaption><\/figure>MUMBAI: The DoT, in the notice inviting applications (NIA) for the spectrum auctions has set the net worth eligibility for bidders at Rs 100 crore per License Service Area<\/a> (LSA) with the exceptions being Jammu and Kashmir and North East Service Areas where the net worth criteria is Rs 50 crore.

Additionally, there is a lock-in period of 1 year from the date defined in the NIA for equity of a person whose share capital is 10% or more in the bidding entity on the date of submission of application and whose net worth has been taken into consideration for determining the eligibility for bidding for spectrum.

Lock-in condition for promoters’ equity will be applicable as per the NIA, if the existing licensee uses promoters’ net worth for gaining eligibility to bid in a band, where it does not hold spectrum. This is applicable to holders of expiring licenses as well. Lock-in will apply to the entire holding of promoter in the company.

The net worth requirement is applicable in case of new entrants only. The condition of net worth requirement will be applicable on new entrants only in those LSAs where they do not hold any spectrum in any of the bands.

It is also applicable per LSA and not as per the band. So a new entrant in all of the bands in an LSA will need to show a net worth of 100 crores (or 50 crores in case of NE, J&K) for bidding in all\/any of the bands.

The net worth requirement is to be met at the time of application, and the definition of net worth shall be as defined in the Companies Act, 2013, and as amended from time to time. For participation in the auction, the net worth of only those promoters shall be counted who have directly in their name(s) at least 10% equity stake in the total equity of the company.

\"Govt<\/a><\/figure>

Govt lays out new guidelines for surrender of spectrum<\/a><\/h2>

That said, telcos surrendering partial or complete spectrum in a LSA-band combination will not be allowed to take part in the auction of spectrum in that LSA-Band combination for a period of two years from the date of surrender.<\/p><\/div>

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<\/span><\/figcaption><\/figure>MUMBAI: The DoT, in the notice inviting applications (NIA) for the spectrum auctions has set the net worth eligibility for bidders at Rs 100 crore per License Service Area<\/a> (LSA) with the exceptions being Jammu and Kashmir and North East Service Areas where the net worth criteria is Rs 50 crore.

Additionally, there is a lock-in period of 1 year from the date defined in the NIA for equity of a person whose share capital is 10% or more in the bidding entity on the date of submission of application and whose net worth has been taken into consideration for determining the eligibility for bidding for spectrum.

Lock-in condition for promoters’ equity will be applicable as per the NIA, if the existing licensee uses promoters’ net worth for gaining eligibility to bid in a band, where it does not hold spectrum. This is applicable to holders of expiring licenses as well. Lock-in will apply to the entire holding of promoter in the company.

The net worth requirement is applicable in case of new entrants only. The condition of net worth requirement will be applicable on new entrants only in those LSAs where they do not hold any spectrum in any of the bands.

It is also applicable per LSA and not as per the band. So a new entrant in all of the bands in an LSA will need to show a net worth of 100 crores (or 50 crores in case of NE, J&K) for bidding in all\/any of the bands.

The net worth requirement is to be met at the time of application, and the definition of net worth shall be as defined in the Companies Act, 2013, and as amended from time to time. For participation in the auction, the net worth of only those promoters shall be counted who have directly in their name(s) at least 10% equity stake in the total equity of the company.

\"Govt<\/a><\/figure>

Govt lays out new guidelines for surrender of spectrum<\/a><\/h2>

That said, telcos surrendering partial or complete spectrum in a LSA-band combination will not be allowed to take part in the auction of spectrum in that LSA-Band combination for a period of two years from the date of surrender.<\/p><\/div>