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Conversion of Solar Energy Corporation of India (SECI) from Section 8 company to Section 3 company under the Companies Act, 2013 and renaming it as Renewable Energy Corporation of India (RECI).

Dated:- 24-6-2015 - The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval to the Solar Energy Corporation of India (SECI) to apply to the Registrar of Companies for (i) converting it into a Section 3 company und .....

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gage itself in owning solar power plants generating and selling power and in other segments of solar sector activities, including manufacturing of solar products and materials, (3) SECI will become RECI after change of its name and then will take up .....

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ritable, objects. Under this provision, the commercial aspect of a business entity and its growth is completely prohibited. In comparison for a Section 3 company the object is not limited, and is mainly for commercial activities which will facilitate .....

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de, buying and selling etc. resulting in profit and distribution of dividend. The Government has also decided to enlarge the scope of the activities of SECI to cover all renewable energy sources, with a view to provide a comprehensive and optimized s .....

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