GOVERNMENT RECRUITMENT / VACANCIES

TRAI Telecommunication Consumers Education and Protection Fund Second Amendment Regulations 2013

By TEAM CIRCULAR EXPRESS • 10 Jul 2013
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The Telecom Regulatory Authority of India (TRAI) has issued the Telecommunication Consumers Education and Protection Fund (Second Amendment) Regulations, 2013. These regulations allow TRAI to move funds from Corporation Bank to other scheduled banks if higher interest rates are available. The amendment also updates the composition of the committee responsible for the fund due to internal restructuring. Additionally, it sets a maximum tenure of three years for the appointment of auditors for the fund. These changes aim to optimize interest earnings and streamline administrative oversight.
City
New Delhi
State
Delhi
purpose of issuance
To amend regulations regarding the management, investment, and audit of the Telecommunication Consumers Education and Protection Fund.
Most Important Details
TRAI is authorized to shift fund deposits to scheduled banks offering higher interest rates than Corporation Bank; committee composition updated; auditor reappointment tenure capped at three years.

Regards, Circular Express

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