Comments
The Cabinet Committee on Economic Affairs (CCEA) has modified the definition of a 'private sector company' in the guidelines for financial support to Public Private Partnerships (PPP) in infrastructure under the Viability Gap Funding (VGF) scheme.
This has been done to remove any ambiguity in interpretation of the term 'private sector company' and to align it with the definition of a Government company under the Companies Act 2013, an official release said.
The definition of a 'private sector company' has been amended to mean a company which is not a 'Government company'--as defined under Section 2(45) of the Companies Act 2013.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.