Association of person and spv difference

[velumani vadiappan]

Tamilnadu electricity board is interpreting 'SPV' formed under companies Act are 'AOP'.Can i be clarified the difference between 'pvt ltd Company', 'APV' and 'AOP'.

[DR.MARIAPPAN GOVINDARAJAN]

More information is required in your query.

AI Summary

Association of Persons classification questioned for SPVs after regulatory recharacterisation, seeking tax and legal distinction. Query whether a company law special purpose vehicle should be characterized for income tax purposes as an Association of Persons rather than a private limited company, prompted by a state electricity board's classification of SPVs as AOPs; available reply requests more factual information before clarifying legal or tax distinctions.