Attorney General refuses to give second opinion on 2G spectrum

17 Oct 2012 Evaluate

Standing firm on earlier opinion, Attorney General (AG) has refused to give any fresh opinion on the inter-ministerial panel's decision of charging one-time fee for existing second-generation (2G) airwaves that would match the upcoming auction-determined price.

Highest law official in the country, Attorney-General Goolam E Vahanvati, earlier opined that only incumbent GSM operators such as Bharti, Idea, BSNL and Vodafone should be charged the auction-determined fee for excess airwaves they hold beyond the 6.2 MHz limit that too with a retrospective basis from July 2008.

The Empowered Group of Ministers (EGOM), however in the last week dismissing Attorney General's opinion, decided to charge all GSM operators prospectively a one-time fee for the remaining period of their 20-year licence for spectrums beyond 4.4 Mhz and CDMA operators to pay for all spectrum beyond 2.5 Mhz.

A day before the EGoM's meeting, Montek Singh Ahluwalia, casting its support in the favour of AG’s decision, averred that mobile phone companies should not be charged for airwaves up to the 6.2-MHz limit, as this was the contracted spectrum, and also squabbled that telcos made investments and built a market strategy on getting this quantum of airwaves, while adding that imposing a charge at this point would amount to unilaterally rewriting the contract.

The EGOM, however, was of the view that certain facts which the AG may not have taken into consideration for charging for spectrum above 6.2 MHz is that the telecom department may be forced to give additional spectrum free to all those telcos who till now only have 4.4 MHz.

Further, the EGoM also felt that this will be against the spirit of the Supreme Court's order and therefore wanted a fresh opinion from the AG, which would be placed before the Union Cabinet, scheduled to meet on October 18 to decide on the EGoM’s recommendations. However, it remains important to be noted, that the industry will have to shell out a minimum of Rs 27,000 crore if the Union Cabinet clears the proposal in its meeting on Oct 18 .

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.