Minutes of the 67th meeting of the Board of Approval for SEZs held on 9th October 2015 to consider proposals for setting up Special Economic Zones and other miscellaneous proposals
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Extension of SEZ approvals and LoPs permitted with strict compliance conditions and disclosure obligations to revenue authorities. Board granted multiple extensions of validity for formal approvals and Letters of Permission and approved co developer participations and new sector specific SEZ proposals subject to compliance with the SEZ Act and Rules and specified conditions. Change of name, shareholding changes, amalgamations and amendments to authorized operations were approved only upon continuity of SEZ responsibilities, fulfillment of eligibility and security clearances, compliance with revenue and company law consequences, furnishing of financial and PAN details to revenue authorities, and required environmental and safety clearances. Non compliant or inadequately documented requests were rejected or deferred for further inspection.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Extension of SEZ approvals and LoPs permitted with strict compliance conditions and disclosure obligations to revenue authorities.
Board granted multiple extensions of validity for formal approvals and Letters of Permission and approved co developer participations and new sector specific SEZ proposals subject to compliance with the SEZ Act and Rules and specified conditions. Change of name, shareholding changes, amalgamations and amendments to authorized operations were approved only upon continuity of SEZ responsibilities, fulfillment of eligibility and security clearances, compliance with revenue and company law consequences, furnishing of financial and PAN details to revenue authorities, and required environmental and safety clearances. Non compliant or inadequately documented requests were rejected or deferred for further inspection.
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