MNRE:Draft Guidelines for Tariff Based Competitive Bidding Process for Grid Connected Solar PV Power Projects

“Group Company” of a company means (i) a company which, directly or indirectly, holds 10% (ten percent) or more of the paid up share capital of the company or (ii) a company in which the company, directly or indirectly, holds 10% (ten percent) or more of the paid up share capital of such company or (iii) a company in which the company, directly or indirectly, has the power to direct or cause to be directed the management and policies of such company whether through the ownership of securities or agreement or any other arrangement or otherwise or (iv) a company which, directly or indirectly, has the power to direct or cause to be directed the management and policies, of the Company whether through the ownership of securities or agreement or any other arrangement or otherwise or (v) a company which is under common control with the company, and control means ownership by one company of at least 10% (ten percent) of the paid up share capital of the other company or power to direct or cause to be directed the management and policies of such company whether through the ownership of securities or agreement or any other arrangement or otherwise.

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