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<\/span><\/figcaption><\/figure>New Delhi: State-owned gas utility GAIL India<\/a> Ltd has told market regulator Sebi<\/a> that it did not consider DoT<\/a>'s notice seeking Rs 1.83 lakh crore in past dues as material event warranting disclosure to stock exchanges as the amount in the provisional assessment was considered not payable. Replying to a notice by the Securities and Exchange Board of India<\/a> (Sebi) over non-disclosure of Department of Telecommunications<\/a> (DoT) assessment orders\/demand notices, GAIL on May 6 said the demand was not legally tenable.

\"The amount assessed in provisional assessment orders are not payable, being unrelated matter to the terms and conditions of the IP-II licence obtained by the company and hence are also legally not tenable,\" the company in a regulatory filing disclosing the communication with Sebi.

GAIL said it had refuted the provisional assessment orders of DoT and sought its withdrawal.

\"Accordingly, the event(s) of receipt of provisional orders was not considered material to be disclosed,\" it said.

The DoT sent a notice to GAIL soon after the February 14 hearing in the Supreme Court on dues owned by telecom companies such as Bharti Airtel<\/a> and Vodafone Idea.

The Supreme Court's original ruling in October last year led the DoT to demand Rs 1.47 lakh crore in unpaid dues on licence fees and spectrum usage charges from telecom companies such as Bharti Airtel and Vodafone Idea.

Its demand related to a 14-year-old dispute regarding the definition of adjusted gross revenue (AGR), which the Supreme Court agreed should include all kinds of income generated by the telcos.

Alongside, the DoT also raised a demand of over Rs 3 lakh crore from non-telecom PSUs such as GAIL, Oil India and PowerGrid for telecom licences these firms had primarily acquired for internal communication purposes.

For GAIL, the DoT assessed an outstanding of Rs 1,83,076 crore towards annual licence fee in respect of IP-II Licence. This included interests and penalty.

GAIL management, the filing said, was of the view that the \"assessment orders\/ demand notices received from DoT are not found material as per the GAIL Policy for determination of materiality and disclosure and therefore same does not require disclosure to the stock exchanges within 24 hours from the receipt.\"

Sebi had on May 5 issued a \"caution letter\" to GAIL for non-disclosure of material events\/information.

The regulator said listing regulations require companies to disclose material information as soon as reasonably possible.

\"This caution letter is being issued after considering the company's explanation on the matter. The company is advised to place this letter before its board of directors and disclose the same to the stock exchanges. You are also advised to disclose the reason of non-disclosure of the assessment orders\/demand notices within the stipulated timeframe,\" it wrote.<\/body>","next_sibling":[{"msid":75628370,"title":"Reliance Jio pips Airtel, Vodafone Idea, adds 6.55 mn subs in Jan 2020: Trai","entity_type":"ARTICLE","link":"\/news\/reliance-jio-pips-airtel-vodafone-idea-adds-6-55-mn-subs-in-jan-2020-trai\/75628370","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":75628398,"entity_type":"ARTICLE","title":"GAIL says DoT's Rs 1.83 lakh cr demand notice not material event","synopsis":"Replying to a notice by the Securities and Exchange Board of India (Sebi) over non-disclosure of Department of Telecommunications (DoT) assessment orders\/demand notices, GAIL on May 6 said the demand was not legally tenable. ","titleseo":"telecomnews\/gail-says-dots-rs-1-83-lakh-cr-demand-notice-not-material-event","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":1633,"shares":0,"engagementtimems":254000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/gail-says-dots-rs-1-83-lakh-cr-demand-notice-not-material-event\/articleshow\/75628398.cms"},"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2020-05-08 18:59:56","lastupd":"2020-05-08 19:02:43","breadcrumbTags":["DoT","GAIL DoT","Department of Telecommunications","securities and exchange board of india","GAIL India","Industry","sebi","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/gail-says-dots-rs-1-83-lakh-cr-demand-notice-not-material-event"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2020-05-08" data-index="article_1">

盖尔说点的Rs 1.83十万的cr需求通知没有物质事件

回复通知由印度证券交易委员会(Sebi)保密的电信部(点)评估订单/需求通知,盖尔说,5月6日需求并非法律上站得住脚的。

  • 2020年5月8日更新是07:02点
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新德里:国有天然气公用事业盖尔印度有限公司对市场监管机构印度证券交易委员会它没有考虑点注意寻找1.83十万的卢比在过去的会费作为物质事件总体披露证券交易所临时评估量被认为是不支付。回复的注意印度证券交易委员会(Sebi)保密的电信部(点)评估订单/需求通知,盖尔说,5月6日的需求并不是法律上站得住脚的。

“评估临时评估订单没有支付,被无关的事IP-II许可证的条款和条件获得的公司,因此也在法律上站不住脚的,”该公司在提交给监管机构的备案文件中披露与印度证券交易委员会的沟通。

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盖尔说,已经驳斥了临时评估点的订单和寻求撤军。

”因此,收到临时订单的事件(s)没有考虑材料披露,”它说。

点发送一个通知给盖尔不久的2月14日在最高法院听证会费等由电信公司Bharti Airtel和沃达丰的想法。

去年10月,最高法院的判决导致点要求1.47十万的卢比在拖欠会费许可证费用和频谱使用费用等电信公司Bharti Airtel和沃达丰的想法。

它需求一个14岁的争端有关调整后的总收益的定义(AGR),最高法院同意应该包括所有种类的收入产生的电信公司。

旁边的点也提出了一个需求/ 3十万的卢比从non-telecom电源如盖尔,石油国家电网公司和印度电信牌照这些公司主要收购了内部沟通的目的。

盖尔,的点评估一位杰出的Rs 83076卢比对每年的执照费的IP-II执照。这包括利益和惩罚。

盖尔管理、文件说,认为“评估订单/需求通知收到点没有发现材料按照盖尔政策重要性的确定和信息披露相同,因此不需要披露证券交易所在24小时内从收据。”

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印度证券交易委员会在5月5日发布了一份“谨慎的信”盖尔事件/信息保密的材料。

监管机构表示清单规定要求公司披露重大信息只要合理可行的。

“这提醒信被发布在考虑公司的解释。该公司建议将这封信之前董事会和披露证券交易所也一样。你还建议披露保密的原因/评估的订单需求通知规定的时间内,“这写道。
  • 发布于2020年5月8日下午06:59坚持
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  • 盖尔说点的Rs 1.83十万的cr需求通知没有物质事件
\"\"
<\/span><\/figcaption><\/figure>New Delhi: State-owned gas utility GAIL India<\/a> Ltd has told market regulator Sebi<\/a> that it did not consider DoT<\/a>'s notice seeking Rs 1.83 lakh crore in past dues as material event warranting disclosure to stock exchanges as the amount in the provisional assessment was considered not payable. Replying to a notice by the Securities and Exchange Board of India<\/a> (Sebi) over non-disclosure of Department of Telecommunications<\/a> (DoT) assessment orders\/demand notices, GAIL on May 6 said the demand was not legally tenable.

\"The amount assessed in provisional assessment orders are not payable, being unrelated matter to the terms and conditions of the IP-II licence obtained by the company and hence are also legally not tenable,\" the company in a regulatory filing disclosing the communication with Sebi.

GAIL said it had refuted the provisional assessment orders of DoT and sought its withdrawal.

\"Accordingly, the event(s) of receipt of provisional orders was not considered material to be disclosed,\" it said.

The DoT sent a notice to GAIL soon after the February 14 hearing in the Supreme Court on dues owned by telecom companies such as Bharti Airtel<\/a> and Vodafone Idea.

The Supreme Court's original ruling in October last year led the DoT to demand Rs 1.47 lakh crore in unpaid dues on licence fees and spectrum usage charges from telecom companies such as Bharti Airtel and Vodafone Idea.

Its demand related to a 14-year-old dispute regarding the definition of adjusted gross revenue (AGR), which the Supreme Court agreed should include all kinds of income generated by the telcos.

Alongside, the DoT also raised a demand of over Rs 3 lakh crore from non-telecom PSUs such as GAIL, Oil India and PowerGrid for telecom licences these firms had primarily acquired for internal communication purposes.

For GAIL, the DoT assessed an outstanding of Rs 1,83,076 crore towards annual licence fee in respect of IP-II Licence. This included interests and penalty.

GAIL management, the filing said, was of the view that the \"assessment orders\/ demand notices received from DoT are not found material as per the GAIL Policy for determination of materiality and disclosure and therefore same does not require disclosure to the stock exchanges within 24 hours from the receipt.\"

Sebi had on May 5 issued a \"caution letter\" to GAIL for non-disclosure of material events\/information.

The regulator said listing regulations require companies to disclose material information as soon as reasonably possible.

\"This caution letter is being issued after considering the company's explanation on the matter. The company is advised to place this letter before its board of directors and disclose the same to the stock exchanges. You are also advised to disclose the reason of non-disclosure of the assessment orders\/demand notices within the stipulated timeframe,\" it wrote.<\/body>","next_sibling":[{"msid":75628370,"title":"Reliance Jio pips Airtel, Vodafone Idea, adds 6.55 mn subs in Jan 2020: Trai","entity_type":"ARTICLE","link":"\/news\/reliance-jio-pips-airtel-vodafone-idea-adds-6-55-mn-subs-in-jan-2020-trai\/75628370","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":75628398,"entity_type":"ARTICLE","title":"GAIL says DoT's Rs 1.83 lakh cr demand notice not material event","synopsis":"Replying to a notice by the Securities and Exchange Board of India (Sebi) over non-disclosure of Department of Telecommunications (DoT) assessment orders\/demand notices, GAIL on May 6 said the demand was not legally tenable. ","titleseo":"telecomnews\/gail-says-dots-rs-1-83-lakh-cr-demand-notice-not-material-event","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":1633,"shares":0,"engagementtimems":254000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/gail-says-dots-rs-1-83-lakh-cr-demand-notice-not-material-event\/articleshow\/75628398.cms"},"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2020-05-08 18:59:56","lastupd":"2020-05-08 19:02:43","breadcrumbTags":["DoT","GAIL DoT","Department of Telecommunications","securities and exchange board of india","GAIL India","Industry","sebi","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/gail-says-dots-rs-1-83-lakh-cr-demand-notice-not-material-event"}}" data-news_link="//www.iser-br.com/news/gail-says-dots-rs-1-83-lakh-cr-demand-notice-not-material-event/75628398">