Legal Disclaimer
Yukti Green Energy Pvt. Ltd. and its affiliates and related entities (“SunstoX”), “we” or “us”) operate an e-
commerce website though which we sell crystalline silicon cells (“solar cells”) capable of passively generating DC
electricity. Each solar cell is associated with a unique identifying label, and satisfies the technical specifications
described in the product information documents provided to prospective purchasers.
Though capable of generating DC electricity in almost any location, solar cells’ efficiency and utility can be
optimized within engineered solar electricity generation systems. As a service to solar cell purchasers, we may
offer to rent certain solar cells for a period of time, such that we may use them under desirable conditions within
systems, in exchange for lease rental payments. At the purchaser’s option, rather than lease his solar cell to us, he
may arrange delivery of any solar cell to his chosen address.
If we lease solar cells, the calculation of any lease rental payments due from us will be impacted by a solar cell’s
actual generation performance within the particular systems that we disclose, and by other factors. As a result, the
rate, amount, and value of the rental payments can vary. Forecasts, estimates and projections as to lease rental
may not be a reliable indicator of these matters.
Where we have made any estimates or projections of anticipated rental amounts, costs or inflation, these are
based on our beliefs and assumptions at the time we made them. However, our predictions or forecasts may be
supported by information provided by third parties, and such information may be incorrect or incomplete. Our
estimates or projections may involve known or unknown risks, variables that are difficult to measure or quantify,
uncertainties and other important factors that could cause performance to differ from what we expect.
We do not advise anyone as to the merits of, or make a personal recommendation in relation to, purchasing or
leasing solar cells. Any User of our Website should consider carefully whether purchasing or leasing solar cells
under the conditions we disclose is suitable in the light of his own personal, financial, tax and other circumstances.
Any such Website User should consider carefully all the information set out in our Terms of Service; Privacy Policy;
and any proposed lease contract, product information document, or other related document, including any risk
factors we choose to describe.
Solar cell micro-lease and solar plant operating lease products are not securities, and SunstoX does not provide
banking or financial services and is therefore not subject to financial regulatory oversight in ……INDIA ….. and
other countries
We do not provide financial services. We do not offer or sell any securities, or arrange the offer or sale of any
securities. If you are in any doubt as to any aspect of purchasing or leasing solar cells in the project, including any
accounting or tax issues, you should seek independent advice from an authorised person who has experience in
advising on such matters. Nothing in this Website or document posted thereon should be read or understood to be
financial, investment, tax or accounting advice.
It may not be possible to resell solar cells purchased through us. Our solar cells have not been admitted to listing
on any electricity or commodities market or other market, and they are not expected to be dealt on any exchange
or other market. We are not obligated to repurchase solar cells we have sold, nor are we obligated to provide an
indication of the price or value of solar cells after their sale.
This document is published in accordance with the provisions of Rule 3 (1) of the Information Technology
(Intermediaries guidelines) Rules, 2011 that require publishing the Rules and Regulations, Privacy Policy and Terms
of Use for access or usage of.
Our Mission
Our mission is in pursuance of achieving following objectives of Indian Government on Renewable Energy ;
National Solar Mission
Jawaharlal Nehru National Solar Mission (JNNSM) 2010, also known as the Solar Mission, is a part of India’s
National Action Plan on Climate Change (NAPCC). There are three phases to the mission: Phase I (2010–12), II
(2013–17), and III (2017–22). Under Phase I, the Rooftop PV and Small Scale Generation Programme (RPSSGP) aims
to encourage the development of rooftop and ground-mounted solar systems.
The Indian government revised the Solar Mission in 2014. It targets for 100 GW installed capacity of solar
electricity by 2022. To reach this ambitious target, the government announced several policies to promote solar
energy.
National Action Plan on Climate Change (NAPCC), 2008
The Government of India initiated mission mode action plans for sustainable growth under NAPCC to address
climate change. Its first mission was to intensify solar energy development. It not only set the RPO at 5% of the
total grid’s purchase but also a decade long 1% year-on-year RPO growth.
Corporate Social Responsibility (CSR)
CSR was introduced to encourage the private sector participation in the national growth and for meeting social
goals. The CSR funds are from by the top 500 companies as 2 per cent of their profits towards off-grid solutions.
National Action Plan on Climate Change (NAPCC),
Which targets to promote the development and use of solar energy for power generation and other uses with the ultimate objective of making solar competitive with fossil-based energy options. The plan includes:
- Specific goals for increasing use of solar thermal technologies in urban areas, industry, and commercial establishments;
- A goal of increasing production of photovoltaics to 1000 MW/year; and
III. A goal of deploying at least 1000 MW of solar thermal power generation. Other objectives include the establishment of a solar research Centre, increased international collaboration on technology development, strengthening of domestic manufacturing capacity, and increased government funding and international support.
We have also made sufficient steps to comply with the following Indian Laws ;
Electricity Act, 2003
Section 7
Any generating company may establish, operate and maintain a generating station without obtaining a licence under this Act if it complies with the technical standards relating to connectivity with the grid referred to in clause (b) of section 73. i.e. “specify the technical standards for construction of electrical plants, electric lines and connectivity to the grid”
Section 10
1) Subject to the provisions of this Act, the duties of a generating company shall be to establish, operate and maintain generating stations, tie-lines, sub-stations and dedicated transmission lines connected therewith in accordance with the provisions of this Act or the rules or regulations made thereunder.
(2) A generating company may supply electricity to any licensee in accordance with this Act and the rules and regulations made thereunder and may, subject to the regulations made under sub-section (2) of section 42, supply electricity to any consumer. For further details please refer Electricity Act, 2003
(3) Every generating company shall-
(a) submit technical details regarding its generating stations to the Appropriate Commission and the Authority;
(b) co-ordinate with the Central Transmission Utility or the State Transmission Utility, as the case may be, for transmission of the electricity generated by it.
For further information on this act please refer Electricity Act, 2003.
Indian Contract Act, 1872
According to Section 11 of Indian Contract Act, 1872 ;
Every person is competent to contract who is of the age of majority according to the law to which he is subject, and who is of sound mind and is not disqualified from contracting by any law to which he is subject.
According to Section 13 of Indian Contract Act, 1872
Two or more persons are said to consent when they agree upon the same thing in the same sense.
According to Section 73 of the Indian Contract Act, 1972
When a contract has been broken, the party who suffers by such breach is entitled to receive, from the party who has broken the contract, compensation for any loss or damage caused to him thereby, which naturally arose in the usual course of things from such breach, or which the parties knew, when they made the contract, to be likely to result from the breach of it.
Such compensation is not to be given for any remote and indirect loss or damage sustained by reason of the breach.
Compensation for failure to discharge obligation resembling those created by contract.
When an obligation resembling those created by contract has been incurred and has not been discharged, any person injured by the failure to discharge it is entitled to receive the same compensation from the party in default, as if such person had contracted to discharge it and had broken his contract.
Section 74 Of the Indian Contract Act, 1872
When a contract has been broken, if a sum is named in the contract as the amount to be paid in case of such breach, or if the contract contains any other stipulation by way of penalty, the party complaining of the breach is entitled, whether or not actual damage or loss is proved to have been caused thereby, to receive from the party who has broken the contract reasonable compensation not exceeding the amount so named or, as the case may be, the penalty stipulated for.