Amendment to Special Economic Zones Act broadens recognised entities for SEZ designation and administration under central notification. The amendment broadens the statutory definitions in section 2 of the Special Economic Zones Act, 2005 by inserting recognition of a trust or any entity as may be notified by the Central Government after 'local authority,' and substituting 'authority, company, trust or entity' for the prior 'authority or company,' thereby allowing trusts and notified entities to be included among bodies eligible under the Act.
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Provisions expressly mentioned in the judgment/order text.
Amendment to Special Economic Zones Act broadens recognised entities for SEZ designation and administration under central notification.
The amendment broadens the statutory definitions in section 2 of the Special Economic Zones Act, 2005 by inserting recognition of a trust or any entity as may be notified by the Central Government after "local authority," and substituting "authority, company, trust or entity" for the prior "authority or company," thereby allowing trusts and notified entities to be included among bodies eligible under the Act.
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