Prior approval requirement clarified: approval must precede departmental recognition of SEZ name or shareholding changes. Clarification states that prior approval for shareholding or name changes of SEZ developers and units means approval must be obtained before the SEZ entity or unit is recognised under the new name or arrangement in departmental records, and does not mean approval must be taken before initiating corporate filings or tribunal proceedings; Zonal Development Commissioners should examine and act on cases of misinterpretation.
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Provisions expressly mentioned in the judgment/order text.
Prior approval requirement clarified: approval must precede departmental recognition of SEZ name or shareholding changes.
Clarification states that prior approval for shareholding or name changes of SEZ developers and units means approval must be obtained before the SEZ entity or unit is recognised under the new name or arrangement in departmental records, and does not mean approval must be taken before initiating corporate filings or tribunal proceedings; Zonal Development Commissioners should examine and act on cases of misinterpretation.
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