SEZ shareholding change approvals require continuity, eligibility checks, tax compliance and disclosure to revenue authorities. The Board approved changes in developer/co-developer shareholding and name subject to seamless continuity of SEZ activities, fulfilment of eligibility and security clearances, compliance with Revenue/Company Affairs/SEBI rules on capital gains and transfers, immediate furnishing of full financial details to the Department of Revenue/CBDT and jurisdictional authority, provision of PAN and assessing officer details to CBDT, and recognition of the Assessing Officer's right to assess taxability and deductions under the Income Tax Act. Applicants must also comply with relevant State laws including land lease provisions.