Examples of Project Company in a sentence
A Bidder which has been selected as Successful Bidder based on this RfS can also execute the Project through a Special Purpose Vehicle (SPV) i.e. a Project Company especially incorporated/ acquired/ already existing as a subsidiary Company of the successful bidder for setting up of the Project, with at least 51% shareholding in the SPV, directly or indirectly, which has to be or is already registered under the Indian Companies Act, 2013, before signing of ESFA.
Given the large-scale and long development cycle of the Land No. 1 and the Land No. 3, the Project Company will prioritize the development of the Land No. 3 and intends to introduce other parties to participate in the development of the Land No. 1 in accordance with the development plan specified in the project plan, or to dispose the land through equity listing procedures at different stages in order to safeguard the return on investment of the project.
The Project Company incorporated shall have the same shareholding pattern as that indicated in the Consortium Agreement given at the time of submission of response to RfS.
On 10 March 2014, the Project Company transferred the 60% equity interest in Nanjing Gangning Real Estate Co., Ltd.* (南京港寧置業有限公司) and Nanjing Longjiangwan Real Estate Co., Ltd.* (南京龍江灣置業有限公司), respectively, as well as the 100% equity interest in Nanjing Lifang Real Estate Co., Ltd.* ( 南京立方置業有限公司) at Shanghai United Assets and Equity Exchange.
MSEDCL will verify the shareholding of the Project Company along with a copy of complete documentary evidence.