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of <h1>Comprehensive Legislative Update Empowers Financial Entities and Developers in Special Economic Zones with Regulatory Flexibility</h1> The Third Schedule introduces amendments to the Insurance Act, Banking Regulation Act, and Indian Stamp Act, specifically addressing provisions for entities operating in Special Economic Zones (SEZs). The amendments enable insurance companies, banks, and developers to conduct business in SEZs with potential modifications to existing regulatory frameworks, granting the Central Government discretionary powers to apply or adapt existing provisions for SEZ-based operations.
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