What is the Role of DoT OSP Compliance for OSP Facilities?
OSP registration is a must for OSP (other service providers) facility that facilitates services like Tele-education, Tele-trading, Tele-banking, e-commerce, call centers, and operation centers. After being registered, the service provider needs to abide by DoT provisions in order to stay compliant. DoT stands for Department of Telecommunication. It serves as a primary regulator of OSP facilities in India.
Mandatory Form Filing under DoT OSP Compliance
Department of Telecommunication pens down various norms that regulate OSP facilities in India. Form filling is a vital part of DoT compliance, which every OSP facility must fulfil without fail. The forms listed below require timely filing and submission.
Form to share change(s) in OSP with Authority
If OSP registration undergoes any changes in terms of directorship status, connectivity, or infrastructure, the license should inform the Term cell within 15 days of such changes.
The second DoT OSP compliance refers to an annual return form that must be filed within six months of the completion of the FY. The form must reflect details on the following:
Any misreporting or error in the form can lead to the extension of the vetting process. So make sure to fill in accurate information to avoid inconvenience.
What is the Significance of DoT Compliance Services?
Every License holder is mandated to file yearly return with the Term cells of the DoT. The authority keeps the tab on registered facilities to determine whether they are compliant or not, regardless of their scope of operation.
Most telecom entities rely on DoT Compliance service providers for annual return filing with the authority. These service providers have a strong background in documentary requirements and filing legalities.
Every legal procedure comprises complicated steps and paperwork that make compliance handling more difficult. Therefore, registered OSP facilities must pay extra attention to underlying norms. Any non-conformity in relation to the underpinned provisions can incur stringent penalties for the defaulter.
Eligibility Criteria for the DOT OSP Compliance in India
Every registered OSP facility in India falls under the ambit of DOT compliance and hence is required to comply with mandatory form filing (as mentioned above) to stay compliant.
Mandatory Documents for DOT OSP Compliance
Complying with annual form filing as per DOT OSP compliance also requires the applicant to share the following documents with the authority.
Steps to Complying with Form Filing Requirements as DOT Compliance(s)
The process of filing the DoT Compliance is as follows:
Step 1: Arrange the mandatory paperwork
Paperwork plays a vital role in annual return filing because it helps the authority cross-reference the details cited in the form. Make sure to arrange the aforesaid documents and check their accuracy before sharing them with the authority.
Step 2: Fill out the applicable compliance form
Form filling is the next step in this process. While filling out the prescribed form, make sure to include relevant and accurate information to avoid any processing hassles, which can be time-consuming.
Step 3: Submit the form and receive confirmation
Once you are done with the filling requirement, the next step is to submit the form along with the mandatory documents to the authority. Make sure to abide by the underlying directions for the form submission. Do not forget to secure the acknowledged or confirmation receipt for future reference.
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Approach Corpbiz to stay atop DoT OSP compliance
DoT Compliances are not easy to fulfil. The new facility, in particular, may find it complicated at first encounter. Needless to say, any mistake, even an unnoticeable one, can add to the frustration of the licensee. Being with an expert team of professionals can help you overcome such nuisances. At Corpbiz, our goal is to provide top-tier services concerning compliance fulfilment. If you are unsure how to proceed with the form filing, let Corpbiz’s expert be your guiding light.
Frequently Asked Questions
- Name of the OSP
- Address of the registered office.
- OSP registration number
- CIN of the company and holding company, if any.
- Employee details
- Balance Sheets
- P&L Statement.
- Other Documents that fall under DOT Compliance.
- Arrange the mandatory documents
- Filling out the Compliance form
- Submit the form along with mandatory documents to the DoT
- Receive confirmation notification