India

Guidelines for Production Linked Incentive Scheme (PLI) for Promoting Telecom & Networking Products Manufacturing in India

Key Outliners

Specified Telecom and Networking Products

  1. Core Transmission Equipment – Dense Wavelength Division Multiplexing (DWDM), Optical Transport Network (OTN), Multi Service Provisioning Platform (MSPP), Synchronous Digital Hierarchy (SDH), Packet Transport Network (PTN)/ Multi-Protocol Label Switching (MPLS), Gigabit Passive Optical Networks (GPON)/ Next Generation- Passive Optical Network (NG-PON) Optical Line Terminal (OLT), Digital Microwave Radio
  2. 4G/5G, Next Generation Radio Access Network and Wireless Equipment – 4G/ Long Term Evolution (LTE)Radio Access Network (RAN) Base Station & Core Equipment; 5G RAN Base Station & Core Equipment; Edge and Enterprise Equipment; Wireless Telecommunication Equipment in Access and Backhaul
  3. Access & Customer Premises Equipment (CPE), IoT Access Devices and Other wireless Equipment – Unified Communications Platforms, IP Multimedia Subsystem, Soft Switch, GPON Optical Network Terminal (ONT), Wireless Fidelity (Wi-Fi) Access Point and Controller, LTE CPE, 5G CPE, Short Range Devices and Associated Electronics in new technologies like 4G/5G/Fibre To The Home (FTTH) etc.
  4. Enterprise equipment: Switches, Routers – Switches, Routers, Internet protocol (IP) and Packet Switching and Routing Apparatus
  5. Any Other Product- As decided by the EGoS

Eligibility

  1. Global companies: Global Manufacturing Revenue should be more than Rs. 10,000 Crore in the base year.
  2. Domestic companies: Global Manufacturing Revenue should be more than Rs. 250 Crore in the base year.
  3. MSMEs: Global Manufacturing Revenue should be more than Rs. 10 Crore in the base year.

Eligibility threshold criteria

  1. MSMEs- Minimum Threshold of Investment Rs. 10 Crores
  2. Other than MSMEs- Minimum Threshold of Investment Rs. 100 Crores

Guidelines for Production Linked Incentive Scheme (PLI) for Promoting Telecom & Networking Products Manufacturing in India – Click to download the guidelines dated 3rd June, 2021

Mandatory Internal Audit Guidelines under Companies Act

As per Section 138 of the Companies Act, 2013 the following set of companies are required to comply with the requirement of mandatory Internal Audit: –

(a) every listed company;

(b) every unlisted public company having-

  1. paid up share capital of Rs. 50 Crores or more during the preceding financial year; or
  2. turnover of Rs. 200 Crores or more during the preceding financial year; or
  3. outstanding loans or borrowings from banks or public financial institutions exceeding Rs. 100 Crore or more at any point of time during the preceding financial year; or
  4. outstanding deposits of Rs. 25 Crore or more at any point of time during the preceding financial year;

(c) every private company having-

  1. turnover of Rs. 200 Crore or more during the preceding financial year; or
  2. outstanding loans or borrowings from banks or public financial institutions exceeding Rs. 100 Crore or more at any point of time during the preceding financial year:

The above set of companies are required to appoint an internal auditor, who shall either be a chartered accountant or a cost accountant, or such other professional as may be decided by the Board to conduct internal audit of the functions and activities of the company. The Internal Auditor may be either an individual or a partnership firm or a body corporate.

The Audit Committee of the company or the Board shall, in consultation with the Internal Auditor, formulate the scope, functioning, periodicity and methodology for conducting the internal audit.

Key Input details required to be filed in the startup recognition form

  1. Entity Details:-
    1. Name of the entity
    2. Industry
    3. Sector
    4. Categories
    5. Company Identification Number
    6. Name of the Entity
    7. Incorporation/Registration Date
    8. PAN
  2. Full Address (Office)
  3. Authorised Representative Details
    1. Name
    2. Designation
    3. Mobile No.
    4. Email Id
  4. Directors/Partners Details
    1. Name of the Director
    2. Mobile No.
    3. Postal Address
    4. Email ID
  5. Information Required
    1. Has your startup applied for any IPR – Patent, Trademark, Copyright, Design, and Plant Variety along with the application no.
    2. Is the startup creating an innovative product/service/process or improving an existing product/service/process – Innovation/Improvement
    3. Brief note supporting the options chosen above for innovation, improvement and scalability.
  6. Startup Activities
    1. Any awards/recognition received – Upload Award Document
    2. What is the problem the startup is solving?
    3. How does your startup propose to solve this problem?
    4. What is the uniqueness of your solution?
    5. How does your startup generate revenue?
  7. Incorporation/Registration Certificate
    1. Web Link
    2. Other supporting presentations
  8. Certification as to:-
    1. The startup has not been incorporated for more than 10 years.
    2. Turnover of the entity of any of the financial years since incorporation has not exceeded one hundred crore rupees.
    3. The entity is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation; and
    4. Has not formed the entity by splitting up or reconstruction of a business already in existence.
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