Author : Anonymous
( Author )
10 June 2012
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My query is related to company law, there is a SPV already incorporated by Government of some state, with Govt. now holding 100% equity in the SPV, thereby making the SPV a Government company. Now, the Government proposes to make the SPV a JV company, with Govt.'s equity participation 26% and Private party 74%. Please advise the procedure and what all agreement are required. I am adviser to the Govt. Company, the company is calling for bids where, who so ever offers free equity to Govt. out of there 26% which they are willing to keep shall become the successful bidder.
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