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of <h1>Clarification on SEZ Developer Changes: Approval Required from BoA/UAC Before Official Recognition of Name or Shareholding Changes.</h1> Instruction No. 90 clarifies the guidelines issued in Instruction No. 89 regarding changes in the shareholding pattern and name changes of SEZ developers and units. It specifies that the phrase 'prior approval of Board of Approval (BoA)/Unit Approval Committee (UAC)' means that such approval must be obtained before the SEZ entity or unit is recognized under a new name or arrangement in official records. It is not required before approaching the Registrar of Companies or the National Company Law Tribunal. Zonal Development Commissioners are requested to review such cases and take appropriate action.
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