Amendment status not verified — confirm the current text below against the official source.
Procedural set-up for licensing and terms and conditions:- A license underthis Act shall be issued in the following manner:- Ii In order of any entity to offer 'games of skill" on their website, mobile platform, television or any other online media, and earn revenue from the same whether by means of advertising revenue or taking a percentage of winnings of gameplay or charging fixed fee for membership or downloading the game etc., it shall be necessary for the entity to obtain a valid license as prescribed under this Act. (2) The license may be issued to any person or entity upon due satisfaction of the terms and conditions prescribed in the license, and the satisfaction of the issuing authority. 299 (3) A license under this Act shall be issued only to a person or entity which is incorporated in India, and has a substantial holding and controlling stake in India. The executive decision making powers and process would be required to be performed from within the territorial boundaries of India and the technology support provision including hosting and management of website, placement of servers etc. shall remain in India. (4) A license under this Act shall be issued only to a person/Company/entity/firm which has no interest in any online or off line gambling activities, in India or abroad. (5) The State Government may, by notification prescribe the manner and format for the applications for license, including the terms and conditions of the license maybe issued under this Act. (6) The State Government may, if so required, frame rules for proper implementation of the Act. Such rules may also determined the terms and conditions underwhich a license may be issued to an applicant.