Patna Smart City Limited (PSCL) is a special purpose vehicle incorporated under the Companies Act, 2013.
It looks after planning, appraisal, approval, fund releasing, implementation, management, operation,
monitoring and evaluation of the Patna Smart City Development projects.
Patna Municipal Corporation (PMC) And Urban Development & Housing Department, Government of Bihar are its promoters with 50:50 equity shareholdings.
It is a functionally autonomous body and derive functional and operational powers from Patna Nagar Nigam (PNN) and Government of Bihar separately and
directly through relevant Executive Order(s) and will operate within the over-reaching legal provisions under the Bihar Municipal Act, 2007, which empowers the PNN to delegate powers in an accountable manner.
The PSCL board comprise of Chairperson (Divisional Commissioner ,Patna Division), Managing Director (Municipal Commissioner of PNN), CEO, 5 Director Nominee from Central/State Government),
2 Independent Director on rotation (From data bank of Ministry Of Corporate Affairs). 1 out of 5 Positions for Director will be reserved for Women (As per Sec 149 of The Companies Act 2013)