India - Rationalization Of Entry Fee And Bank Guarantees.

September 26, 2023 by Rohin Pujari

The Telecom Regulatory Authority of India (TRAI) has recently released its recommendation on the reduction of the entry fees to the new entrants in the telecom market, reduction of the renewal fees and the merging of multiple Bank Guarantees into one single Bank Guarantee among other things, following the consultation received from the relevant stakeholders, in the year 2022. This has been done to increase the Ease of Doing Business in India and also to encourage more participation of players in the Indian market, to benefit the consumers in the long run.

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For further information, please contact:

Vineet Aneja – Clasis Law,
vineet.aneja@clasislaw.com

Vineet heads Clasis Law and shares his time between the Delhi and Mumbai offices. He has extensive experience working with both Indian and foreign companies, as well as with government authorities.

Vineet’s corporate practice includes advising on mergers and acquisitions, joint ventures, private equity and investment funds on a full range of corporate clients on general corporate matters and in the areas of capital markets, project finance, regulatory and real estate.

Vineet’s skill set includes a deep transactional understanding as well as significant industry expertise across industries as diverse as manufacturing, media, medical devices, fashion, insurance, technology, telecommunications, infrastructure, hospitality, retail and financial services. Client feedback has highlighted the value his experience adds to both the legal and commercial sides of transactions.