Special Purpose Vehicle pooled financing requires municipal agreements and disclosure in the offer document before fundraising. Pooled financing through a Special Purpose Vehicle is permitted where the issuer is constituted under the Pooled Finance Development Fund Scheme of the Government of India. Before raising funds, the constituent Municipalities must enter into an agreement with the issuer, and that agreement must be disclosed in the offer document. The Special Purpose Vehicle must be established either as a Trust or as a Company.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Special Purpose Vehicle pooled financing requires municipal agreements and disclosure in the offer document before fundraising.
Pooled financing through a Special Purpose Vehicle is permitted where the issuer is constituted under the Pooled Finance Development Fund Scheme of the Government of India. Before raising funds, the constituent Municipalities must enter into an agreement with the issuer, and that agreement must be disclosed in the offer document. The Special Purpose Vehicle must be established either as a Trust or as a Company.
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