HomeNewsBusinessCompaniesCOAI DG rules out overhaul of voting rules, apology to RJio

COAI DG rules out overhaul of voting rules, apology to RJio

"I don't believe there is any need for an apology. The Director General acts in accordance with the rules, regulations and constitution of the association. DG does not make independent statements expressing his point of view," Mathews told PTI.

September 29, 2016 / 17:55 IST
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Rejecting RJio's demand for an apology over issuing a press statement calling it a "Back Door Operator", cellular industry body COAI's DG Rajan Mathews today ruled out an immediate overhaul of proportionate voting norms of the association, as demanded by the new entrant.

"I don't believe there is any need for an apology. The Director General acts in accordance with the rules, regulations and constitution of the association. DG does not make independent statements expressing his point of view," Mathews told PTI.

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On whether he has the full backing of COAI office bearers on the issue, Mathews said, "Absolutely." Asked if there is a case for COAI to overhaul its proportionate voting rules - which Jio has criticised as being skewed in favour of incumbent operators - Mathews said, "It is not necessary to move away from proportionate voting rights." "The principal rationale is that you (members' voting rights) have to be reflective of the representation you have in the market...," he said.

Mathews said COAI has also asked internal legal experts as well as external advocates to examine the recent charges levelled by RJio that the association's voting rights are in violation of Societies Registration Act and a Supreme Court ruling on BCCI.