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BBC World India to rejig shareholding, seeks time till end of FY24 to ensure compliance with FDI norm

BBC World Service India disclosed that it had received a letter from the ministry of information and broadcasting dated March 31, for alleged non-compliance with FDI norms. The company said it has sought time until March 31, 2024, for compliance, and communicated its restructuring proposals to the ministry.
United Kingdom Krupa Jha Mukesh Sharma Jonathan Munro Sanjoy Mazumdar Department For Promotion Of Industry

BBC India restructures to create new entity to comply with FDI rules

"The establishment of Collective Newsroom Private Limited ensures the BBC and Collective Newsroom can meet their shared commitment to Indian audiences and cover stories on India that matter to global audiences. It is in compliance with the Indian Foreign Direct Investment law," reads the BBC statement.
United Kingdom Indian Youtube World Service India British Broadcasting Corporation Newsroom Private Collective Newsroom

BBC I-T raid case, the Enforcement Directorate (ED) has now filed a FEMA violation case ED registers FEMA case against BBC India

"The Income Tax Authorities are currently at the BBC offices in New Delhi and Mumbai, and we are fully cooperating.New Delhi, April 13 (IANS) In a latest development in the BBC I-T raid case, the Enforcement Directorate (ED) has now filed a FEMA violation case against the news broadcaster, sources claimed on Thursday.
United Kingdom New Delhi Foreign Exchange Management Act Taxit Department Income Tax Department British Broadcasting Service

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