Guidelines regarding reorganization including change of name, change of shareholding pattern, business transfer arrangements, court approved mergers and demergers, change of constitution, change of Directors, etc. of SEZ Developers / Co-developers as well as SEZ Units.
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IFSC unit reorganizations must be intimated by the IFSCA Administrator to SEZ Unit Approval Committees. Where IFSC units undergo reorganization (change of name, shareholding pattern, business transfer, court-approved mergers/demergers, change of constitution or directors), requisite regulatory compliance under the IFSC Act, 2019 must be observed and the Administrator (IFSCA) shall duly intimate the concerned SEZ Unit Approval Committee for purposes required under the SEZ Act and Rules.
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.
IFSC unit reorganizations must be intimated by the IFSCA Administrator to SEZ Unit Approval Committees.
Where IFSC units undergo reorganization (change of name, shareholding pattern, business transfer, court-approved mergers/demergers, change of constitution or directors), requisite regulatory compliance under the IFSC Act, 2019 must be observed and the Administrator (IFSCA) shall duly intimate the concerned SEZ Unit Approval Committee for purposes required under the SEZ Act and Rules.
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