Minutes of the 91th meeting of the. Board of Approval for SEZ held on 6th August, 2019 to consider setting up of Special Economic Zones and other miscellaneous proposals
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Lease period flexibility aligned to State/UT policies, removing fixed cap and requiring registered lease deeds. The Board approved multiple extensions of formal approvals and Letters of Permission/Approval for SEZ developers and units, sanctioned new SEZ and FTWZ proposals, and authorised several entities as co developers subject to SEZ Act and Rules and standard conditions. Changes in developer/co developer names and shareholding were permitted contingent on continuity of SEZ obligations, fulfillment of eligibility and security clearances, compliance with revenue and tax rules and immediate furnishing of full financial details to revenue authorities. The Board removed the uniform administrative lease cap and held lease tenures may follow respective State/UT policies, mandating registered lease deeds.
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.
Lease period flexibility aligned to State/UT policies, removing fixed cap and requiring registered lease deeds.
The Board approved multiple extensions of formal approvals and Letters of Permission/Approval for SEZ developers and units, sanctioned new SEZ and FTWZ proposals, and authorised several entities as co developers subject to SEZ Act and Rules and standard conditions. Changes in developer/co developer names and shareholding were permitted contingent on continuity of SEZ obligations, fulfillment of eligibility and security clearances, compliance with revenue and tax rules and immediate furnishing of full financial details to revenue authorities. The Board removed the uniform administrative lease cap and held lease tenures may follow respective State/UT policies, mandating registered lease deeds.
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