Minutes of the 77th meeting of the. Board of Approval for SEZ held on 12th May 2017 to consider setting up of Special Economic Zones and other miscellaneous proposals
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SEZ approvals and transfers: continuity maintained while ownership/name changes require strict compliance and financial disclosure. The BoA approved extensions of formal approvals and LoPs for specified SEZ projects with time limits, rejected two in principle extension requests, approved a co developer application, authorised changes of name and transfers of shareholding subject to uniform conditions - including seamless continuity of SEZ activities, fulfilment of eligibility and security clearances, compliance with Revenue/Company/SEBI rules, immediate furnishing of full financial details to Member (IT), CBDT and jurisdictional authority, provision of PAN and assessing officer details to CBDT, and recognition of the Assessing Officer's right to tax assessments; directed consideration of SEZ Rules amendment; approved area increases and an FTWZ declaration; rejected one appeal and deferred another for legal advice.
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Provisions expressly mentioned in the judgment/order text.
SEZ approvals and transfers: continuity maintained while ownership/name changes require strict compliance and financial disclosure.
The BoA approved extensions of formal approvals and LoPs for specified SEZ projects with time limits, rejected two in principle extension requests, approved a co developer application, authorised changes of name and transfers of shareholding subject to uniform conditions - including seamless continuity of SEZ activities, fulfilment of eligibility and security clearances, compliance with Revenue/Company/SEBI rules, immediate furnishing of full financial details to Member (IT), CBDT and jurisdictional authority, provision of PAN and assessing officer details to CBDT, and recognition of the Assessing Officer's right to tax assessments; directed consideration of SEZ Rules amendment; approved area increases and an FTWZ declaration; rejected one appeal and deferred another for legal advice.
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