Rule 6 - Powers And Functions

SEZ authority powers: define financial management, audit obligations, resource mobilisation and limited employee welfare authorisations.

The Special Economic Zone Authority is empowered to manage the Zone as a financially viable organisation, prepare annual returns and statements, engage and set terms for a Chartered Accountant for accounts maintenance and finalisation, approve audited accounts annually, and raise resources consistent with the SEZ framework. It may plan and execute capital expansion works, implement employee welfare schemes within an expenditure ceiling tied to prior-year revenues, designate authorised signatories and facsimile use of the common seal, and must display its name and office addresses on official instruments with the common seal in specified custody.