The NCRTC is a joint partnership institution between the Central Government and the participating states of Uttar Pradesh, Haryana, Rajasthan and the NCT of Delhi. Agreeing to this partnership, the Memorandum of Understanding (MoU) between participating stakeholders was signed on 29th June, 2011 and an equity share in NCRTC was agreed upon for setting up an initial seed capital of Rs. 100 crore.
The contributions for this equity share from the stakeholders were received by 1st August, 2013 along with the signing of the Memorandum of Association (MoA) and Association of Agreement (AoA) of NCRTC.
NCRTC was formally incorporated on 21st August, 2013 as a Company under the Company Act, 1956. As a joint partnership project between the Center and the States, NCRTC would have one nominated Director each from the participating States, and four nominee Directors from the Government of India. The Secretary (UD) is the ex-officio Chairman of the Board of Directors and the Managing Director, a nominee of MoUD. NCRTC also has the flexibility of forming separate subsidiary companies for implementing specific projects.