https://www.taxtmi.com/article/detailed?id=7361 Implementation in India under the Smart Cities Mission channels central support to city-level Special Purpose Vehicles (SPVs) incorporated as limited companies under the Companies Act, 2013. SPVs, jointly promoted by State/UT and Urban Local Bodies with equal shareholding, are vested with planning, appraisal, fund release, procurement, project execution (including PPPs and joint ventures), revenue mobilisation, user charge and tax collection (as authorised by the ULB), and monitoring responsibilities, and must secure dedicated revenue streams to ensure financial sustainability. en-us Sat, 08 Apr 2017 07:25:59 +0530 Fri, 11 Apr 2025 18:03:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7361 Implementation in India under the Smart Cities Mission channels central support to city-level Special Purpose Vehicles (SPVs) incorporated as limited companies under the Companies Act, 2013. SPVs, jointly promoted by State/UT and Urban Local Bodies with equal shareholding, are vested with planning, appraisal, fund release, procurement, project execution (including PPPs and joint ventures), revenue mobilisation, user charge and tax collection (as authorised by the ULB), and monitoring responsibilities, and must secure dedicated revenue streams to ensure financial sustainability. Articles Environmental Law Sat, 08 Apr 2017 07:25:59 +0530 https://www.taxtmi.com/article/detailed?id=7361