https://www.taxtmi.com/news?id=39379 The government will relaunch passenger bus services via a Public Private Partnership named Mukhyamantri Sugam Parivahan Seva, implementing systematic route planning and operation through SPVs. Existing city SPVs (20 formed, 16 operational) will be merged into seven divisional subsidiaries; a state-level holding company will be formed under the Companies Act, 2013 for integrated control. The framework establishes a three-tier governance structure, regional subsidiaries created by amending city bus companies, sanctioned equity capital to commence services, and a 51 percent state shareholding in the subsidiaries. en-us Tue, 01 Apr 2025 19:46:02 +0530 Tue, 01 Apr 2025 19:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=39379 The government will relaunch passenger bus services via a Public Private Partnership named Mukhyamantri Sugam Parivahan Seva, implementing systematic route planning and operation through SPVs. Existing city SPVs (20 formed, 16 operational) will be merged into seven divisional subsidiaries; a state-level holding company will be formed under the Companies Act, 2013 for integrated control. The framework establishes a three-tier governance structure, regional subsidiaries created by amending city bus companies, sanctioned equity capital to commence services, and a 51 percent state shareholding in the subsidiaries. News - Tue, 01 Apr 2025 19:46:02 +0530 https://www.taxtmi.com/news?id=39379