Prudential Sugar Corporation Limited and The Failte Ventures Group Limited, Ireland (together referred to as "Partners") to set up a Solar Plant facility In India. Details. Name(s) of parties with whom the.

Prudential Sugar Corporation Limited and agreement is entered. The Failte Ventures Group Ltd., (b) Purpose of entering into the. To form a JV Company in order to set up.

agreement. a Solar Plant with manufacturing capacity of SOOMW per year in India, subject to necessary regulatory and statutory approvals, as applicable. Shareholding, if any, in the entity with.

The parties hereto agree that the equity. whom the agreement is executed. share in the Company shall be in the following proportion: Prudential Sugar Corporation Limited & its associates shall hold 50% of the total issued share capital of the company at any one time throughout the period of this joint venture.

The Failte Ventures Group Limited & its associates shall held 50% of the total issued Shareholding, if any, In the entity with. The parties thereto agree that the equity. who the agreement is executed.

share In the Company shall be in the Following proportion: Prudential Sugar Corp. & its associates shall hold 50%. The Failte Ventures Group Limited and its associates shall hold 50%, and.

The equity capital shall remain in the same proportionate of 50:50 at any point of time. Significant terms of the agreement (in. Board of Directors.

brief) special rights. like right. to appoint.

directors, first right. to share. subscription.

Both the parties hereto have, after a consultation with each other shown the intention to co-operate with each other and enter into a joint venture relationship for the manufacture of solar panels and solar kit distribution, installation and another allied activities for the consideration and upon the terms and conditions herein contained. Company: Forthwith upon the execution of this agreement the parties hereto shall get registered a Company in the name of Prudential Sugar Corporation Limited., with the said Registrar under the Indian Companies Act. 1956, In terms of the Memorandum and Articles of Association in the form of the drafts which have been approved by the parties and shall comply with the other requirements of such registration.

Location: The location for both the Registered office and Manufacturing plant will be determined once receive the government's report on incentives given by different states Govts for setting up Industry.