date:Aug 28, 2012
e cases, such conflicts have even endangered the projects, as various entities seek to have control over the Board of Directors of SPVs. In other cases, it has been found that this mandatory requirement has encouraged related and associate entities, though with no direct evidence of such relationships, to pose as independent to be eligible under the scheme, thus nullifying the proposed advantages of a collective structure, the ministry said.
In view of the above, it has been proposed to revise