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 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.
- Board of Directors resolution indicating companys 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.