Punjab announces supportive measures to media owners and advertising contractors

 Punjab announces supportive measures to media owners and advertising contractors
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Relief to outdoor media owners as Punjab local government announces supportive measures as the pandemic situation prevails. One of the first states in the country to announce relief measures to outdoor media industry, Punjab has waived off the license fee for six months with effect from March 24, 2020.
Advertising contractors are also allowed to surrender up to 50% value of their existing media in their respective contracts as per the following terms and conditions:


The advertisement contractors would first surrender the media which was handed over to them pre- installed / installed at the cost of ULB (Urban Local Bodies). The contractor can surrender the remaining percentage of media of his own choice.
If the pre-installed / media installed by the ULB is more than 50%, then the advertisement contractor would have to surrender the media as decided by the ULB.
The advertising contractors who opt to surrender up to 50% value of their existing media in their contract would have to furnish an affidavit with the ULB stating that throughout the remaining period of their contract, they would neither surrender the remaining media due to any reason nor they would go into any kind of litigation in any court.

https://www.myhoardings.com/Outdoor/Unipole-on-Bus-Stand-in-Jalandhar–8439

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