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of <h1>SEZ Authorities Empowered to Drive Economic Development with Corporate Powers and Autonomous Governance Mechanisms</h1> The statutory provision establishes the framework for creating Special Economic Zone (SEZ) Authorities. The Central Government must constitute an Authority for each SEZ, which is a corporate body with perpetual succession. The Authority comprises the Development Commissioner as Chairperson, government officers, and entrepreneurs. It has powers to acquire property, contract, and sue. The Authority can establish branch offices, make decisions by majority vote, and is not invalidated by procedural defects. Membership terms and meeting procedures are prescribed by regulations.
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