The entity should be a company incorporated in India and registered under the Companies Act 1956 \/ Companies Act 2013<\/p>\n<\/li>\n

The Memorandum of Association (MOA) of the applicant entity must cover the proposed activity of operating as a BBPOU<\/p>\n<\/li>\n

The applicant entity should have a net worth of at least Rs.100 crore as per the last audited balance sheet and the same has to be maintained at all times.<\/p>\n<\/li>\n

In case of any Foreign Direct Investment (FDI) in the applicant entity, necessary approval from the competent authority as required under the policy notified by the Department of Industrial Policy and Promotion (DIPP) under the consolidated policy on FDI and regulations framed under the Foreign Exchange Management Act (FEMA) must be submitted while seeking authorization.<\/p>\n<\/li>\n

The company must have domain experience in the field of bill collection\/services to the billers, and relevant experience in transaction processing for a minimum period of one year.<\/p>\n<\/li>\n