After the financial year ends companies are engaged in issuing their annual statements as per the government order. This year, by May end we’ll see another round of financial statements being released. Registrar of Newspapers of India (RNI) in its latest order has made it mandatory for all the newspapers & periodicals to file their annual statements.
The order comes as the authority is undertaking a comprehensive exercise to modernize and streamline its functioning. It feels that filing of annual statements would help the government to assess the growth of the press in India.
The filing of annual statement is a compulsory task for all, according to the Press & Registration of Books Act, 1867.
The newspapers, who fail to file their statements by 31st May, will be deleted from the records of RNI as the authority would presume that the publication has been ceased. Also according to the rule book, failure to file the statement and false statements are punishable offences.
The total number of registered newspapers, as on 31st March, 2006 was 62,483. As of now 70,000 titles are registered with RNI. Of these, only 700 publishers file annual statements regularly. That accounts to be just the 10% of the total.
After the release of this order it would be observed how many newspaper organizations, considered to be the watchdogs of the society, mange to follow the code prescribed.
The order comes as the authority is undertaking a comprehensive exercise to modernize and streamline its functioning. It feels that filing of annual statements would help the government to assess the growth of the press in India.
The filing of annual statement is a compulsory task for all, according to the Press & Registration of Books Act, 1867.
The newspapers, who fail to file their statements by 31st May, will be deleted from the records of RNI as the authority would presume that the publication has been ceased. Also according to the rule book, failure to file the statement and false statements are punishable offences.
The total number of registered newspapers, as on 31st March, 2006 was 62,483. As of now 70,000 titles are registered with RNI. Of these, only 700 publishers file annual statements regularly. That accounts to be just the 10% of the total.
After the release of this order it would be observed how many newspaper organizations, considered to be the watchdogs of the society, mange to follow the code prescribed.
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