Change of shareholding approvals in SEZs require continuity, statutory clearances, financial disclosures and tax assessment safeguards. The Board approved multiple changes in SEZ developer/co-developer shareholding, transfers, demergers and limited LoA extensions subject to conditions requiring seamless continuity of SEZ activities, fulfilment of eligibility criteria including security clearances, compliance with Revenue/Company Affairs/SEBI rules, immediate furnishing of full financial details to CBDT and the jurisdictional authority, disclosure of PAN and jurisdictional assessing officer, and preservation of the Assessing Officer's right to assess taxability arising from equity transfers, mergers or demergers.