The Union government on 3 June 2011 amended guidelines for Public Financial Institutions (PFIs) permitting private companies, primarily engaged in infrastructure funding, to attain the status of a PFI. Which of the following conditions is not required for

•       A company should be established under a special Act or the Companies Act

•      The companyâ��s main business should be related to power equipment construction & power related activities.

•      The company must be in existence for at least 3 years and their financial statement should show that their income from the area exceeds 50 per cent of their income.

•      The companies should have a net-worth of Rs 1,000 crore.