Business

Vicky Kumar published in Business

An explanation about the ISP License requirements

ISP License requirements aren’t unlike the requirements for any other business license. However, in order to get ISP License via online registration, you still have to know about them. An Internet Service Provider (ISP) can only be established after the applicant of the ISP License proves that:

1.       That they are capable of handling the technical intricacies of internet providing business.

2.       Have the right business entity to provide structure to the business of providing internet services.

3.       And, have the budget to support that infrastructure.

So, in a way, whatever requirements you see in the ISP license agreement format are to  show your worth to the Department of Telecommunication. It’s the only way that you’re going to get the license. And through this article, we are going to reveal them to you.

Certificate of incorporation of your company

It’s the first ISP License requirement. Providing in internet is a multi-person job. And you need institution that have multiple people involved to manage it. Thus, the very first thing requirement that you need to adhere to is to get a business entity. You can choose between a public limited company or a private limited company. To incorporate a company

1.        Choose a company name

2.       Reserve that name

3.       Draft MOA and AOA

4.       Get the DSC for the directors

5.       File the online company incorporation application

6.       Get the certificate of incorporation

A receipt of the application processing fee

It’s an obvious ISP License requirement to finally sign the ISP license agreement. Remember that when paying for the application to be processed by the DOT, expect to not get a refund. It’s a plunge that you take when you file your application for starting an ISP in India.

Under no circumstance, you have a chance of getting back the refund. So, expect that your initial fees for ISP License registration is not refundable.

Memorandum of Association of the company

The MOA should specify that providing internet access if your only objective. In case the objective in the MOA doesn’t match with the ISP requirement set by the DOT, you’re not going to get the license.

Power of Attorney to authorize an Authorized Signatory

You NEED an ISP License consultant to help you get the license. Without him, the DOT won’t allow you to go past the initial application stages. Thus, hire a consultant and give him the right to file the application and sign it. You can do so via authorizing him through the power of attorney.

Director Details

Provide the details of all the directors of your company. You can provide it via an information sheet that details the:

  • Names of the directors
  • Contact information of the directors
  • How much money has the directors invested in your ISP company?

Shareholding pattern of the company

It’s the first document to show the financial stability of your company. In this document, you will provide the shareholding pattern that exists for your company.

Net worth certificate of the company

Provide the net worth certificate of your company. it’s the second document to showcase your financial stability to the DOT.

Read Other Useful License: FFMC License

Foreign Equity Details

In case your company is partially owned by a foreign entity or an individual, then as the final document for your financial stability, provide the proof via foreign equity approval certificate. However, this is only applicable if foreign contribution in your company is more than 49%.

Registered Office Address

Provide the registered address details and proof for the same for your company.

Board resolution by the directors of the company

Before putting together any of the above documents, you need to convene a meeting and take a joint decision to apply for the ISP License in India.

Put that decision in writing on a board resolution. Submit it along with the rest of the documents that come under ISP License requirements.

Here is an explanation of ISP License requirements in India. Read about them thoroughly to know why you need the documents that you need to obtain ISP license in India.

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Vicky Kumar published in Business

ETA Certificate is not for every wireless product

ETA certificate is a permit to import wireless products in India. Unlike the business licenses that give certification product, ETA approval is meant for the frequencies on which the product work. However, understanding the nuances of which frequencies are allowed and which aren’t is difficult for a layperson to understand. Consequently, it’s easy for a layperson to get in touch with the wrong type of consultant.

And a wrong type of consultant is one at all. All he is looking for is a quick buck and not help you. One of the central realities that these “consultants” exploit is the lack of need for an ETA license for every wireless.

If you’re not aware of whether your product needs certification, there is a chance that you will get in touch with this consultant. Thus, we have written this blog to prepare you, so you don’t waste your time with such “service providers.”

What is the ETA certificate for Import?

The Wireless Planning Commission, under the guidance of the Department of Telecommunication, has created guidelines that decide which frequency spectrum the wireless products should work in. Based on it, there are three frequency bands:

1.       The licensed bands: Frequency bands that are licensed for specific products. These products can range from radios to products of national security importance.

2.       The delicensed bands: Frequency bands that were licensed to particular products. However, that license has since been removed, and now the band is free to be used by anyone.

3.       The unlicensed bands: It’s also called the harmless frequency bands. They fall so below the spectrum that they can’t harm anyone. Thus, it’s a free-real estate for most wireless products.

ETA certificate in India and likely anywhere else is issued only for products that work under licensed and delicensed bands. It’s to ensure that the frequencies don’t collide with each other.

As mentioned above, you don’t need ETA certification if your product works within the unlicensed bands.

Cases where you don’t need WPC ETA certification

Following is the process of ETA approval:

1.       You first get the radio frequency test of your product.

2.       You apply to get the approval

3.       If the product works within the frequency the test report says, you get equipment type approval.

Things to remember when applying for approval as above:

1.       The product must be imported

2.       The product must be working at a frequency that WPC hasn’t approved yet.

To know about the second part, conduct an ETA certificate search.

Based on the above, there are two cases for which you won’t need to go through the procedure to obtain approval.

Read Other License: VNO License

1.       If the product is manufactured in India: If the product is manufactured in India, it will naturally work within the frequency parameters the WPC has set up. Thus, it won’t need any type of approval from DOT to exist.

2.       If the frequency has already been approved: If the product is already working at a frequency that has already earned the WPC approval, you won’t need to apply for another approval. Remember that we state that permission exists for the frequency, not for the equipment.

Conclusion

The correct ETA certificate consultants will inform you whether or not your equipment needs approval. To know about such a WPC ETA consultant, reach out to Registrationwala. We will provide you with the details you need to discern whether you need to spend money on ETA or not.

ETA certificate is not valid for every wireless product. You should be aware of exceptions to getting an ETA license in India. This blog explains them to you.

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sanchita bhardwaj published in Business

Personal Loan Vs Credit Card – When should you opt for it?

Whenever a sudden expense or immediate need strikes, availing of a personal loan or paying via a credit card are often sought-after options. However, it is essential to understand the ideal scenarios in which you can use either of the two methods.

Let us understand both these products independently first –

What is a Personal Loan?

A personal Loan is an advance offered as a lump sum without pledging any collateral from the borrower. Interest is charged on the amount borrowed, and then it is expected to be repaid within a defined period. Usually, there are no restrictions on the end use of the amount borrowed through a Personal Loan. Hence, you can use it for a wide range of purposes – Education, Travel, Weddings, Medical expenses, Renovation, etc. You may need a good credit score (generally 750 & above) to avail of a Personal Loan. Multiple instant Personal Loan apps available online can help you get quick financial assistance. They are Early Salary, Bajaj Finserv Personal Loan app, Tata Capital, Kissht, etc. Each platform can have its own set of criteria, which you may have to fulfill to be deemed eligible for availing of an instant Personal Loan online.

What is a Credit Card?

Credit cards’ history can be traced back to the 1920s in the United States, when they were first used. Since then, this instrument has gained popularity rapidly among the masses. A Credit Card is an instrument that allows its owner to pay for goods or services in advance, up to a specific limit, and then repay it with interest later. Generally, it possesses the attribute of Revolving Credit, wherein the Credit Limit is revised upon complete repayment of past debts. There is no fixed time frame to pay back the amount used through the Credit Card. The more time any cardholder takes to repay, the more interest he is charged. There are numerous options where you can apply for a credit card online. RBL MyCard, Bajaj Finserv, and CredPal are some of the popular Credit Card apps, or you can also apply on any Bank application. You can easily avail online credit card and monitor your transaction through the app.

When can you use a Credit Card or a Personal Loan?

Not every situation can be ideal either for a credit card or for a personal loan. Under certain circumstances, a card would make an apt choice & likewise, a person would be an appropriate option for certain instances. The below table highlights some ideal scenarios in which you can choose to use either a Credit Card or a Personal Loan –

Credit Card

Personal Loan

For buying something within your credit limit

For paying back entities that do not accept credit cards

For making any instore/online purchase

Paying a large amount over some time

If you are not eligible for a Personal Loan

If you need an amount large than your credit limit

 

So, what is better?

Once you know your spending and repayment habits, you may know the answer to this question. Although, here’s a quick comparison to help you choose better –

Personal Loan

Credit Card

Amount once borrowed cannot be revised

The credit limit can be revised after successful repayment

Lower interest rates

Slightly higher rates than Personal Loan

Fixed time period for repayment

Higher interest rates & penalties if repayment is delayed

No collateral needed

There are Secured Credit Cards that need a cash deposit as a security.

CIBIL score needs to be strong

CIBIL score needs to be strong

Offered as a Lump sum

A credit limit may not be increased in case of bad CIBIL

No restriction on end use

No restriction on end use

 

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