Minutes of the 90th meeting of the. Board of Approval for SEZ held on 18th June, 2019 to consider setting up of Special Economic Zones and other miscellaneous proposals
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SEZ approvals and extensions: co developer authorisations, conditional name/shareholding changes, and appeal decisions ensuring regulatory compliance. The Board of Approval considered extensions of approvals and LoAs, authorised multiple co developer arrangements for construction and operation of SEZ infrastructure subject to co developer agreements and standard SEZ Act and Rules conditions with lease periods capped at thirty years, and approved changes of name or shareholding subject to continuity of SEZ obligations, eligibility and tax and statutory compliance including furnishing financial and PAN details to revenue authorities. The Board adjudicated appeals-allowing one withdrawal of exit permission but rejecting others where mis declaration, non compliance or negative NFE were found-and directed administrative follow up including show cause notices and committee reviews.
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.
SEZ approvals and extensions: co developer authorisations, conditional name/shareholding changes, and appeal decisions ensuring regulatory compliance.
The Board of Approval considered extensions of approvals and LoAs, authorised multiple co developer arrangements for construction and operation of SEZ infrastructure subject to co developer agreements and standard SEZ Act and Rules conditions with lease periods capped at thirty years, and approved changes of name or shareholding subject to continuity of SEZ obligations, eligibility and tax and statutory compliance including furnishing financial and PAN details to revenue authorities. The Board adjudicated appeals-allowing one withdrawal of exit permission but rejecting others where mis declaration, non compliance or negative NFE were found-and directed administrative follow up including show cause notices and committee reviews.
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