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Give revenue sharing details to CAG
August, 03rd 2010

The Supreme Court on Monday asked private telecom companies, which are members of the Cellular Operators Association of India, to submit their revenue sharing details to the Comptroller and Auditor General (CAG) within two weeks.

However, the apex court Bench headed by the Chief Justice of India, Mr S.H. Kapadia, said the CAG cannot examine these financial statements till the Delhi High Court, which is hearing the matter, decides on the statutory auditor's jurisdiction to audit the documents.

The COAI members had earlier given these revenue sharing details to the Department of Telecommunications (DoT).

Even as the DoT is verifying the reports of the independent auditors on revenue sharing details, the CAG wanted to find out whether there are any instances of revenue under-reporting for computing the licence fee.

This comes after the independent auditors had found some discrepancies, especially in the case of Reliance Communications.

The GSM operators body COAI and CDMA companies' organisation AUSPI had challenged the CAG's direction to the members of these two associations to provide revenue sharing documents for the purpose of carrying out auditing.

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