IAMAI seeks to secure its chairman, 50% governing council for Indian firm

The newly elected executive council of the industry body Internet and Mobile Association of India (IAMAI) has proposed a resolution stipulating that its chairperson should come from an Indian firm. The proposal also recommends reserving 50 per cent of the seats on the governing council for Indian companies.

According to a letter shared with the association’s members, an ‘Indian firm’ could be defined as a company with a permanent establishment in India and whose parent company, not just the Indian subsidiary, derives the majority of its revenue from the country. However, exceptions may be considered for companies in sectors like Software as a Service (SaaS), where the company is Indian but earns the majority of its revenue from overseas.