Transfer of SEZ approvals clarified into defined categories; transfers now governed by documentation and approval rules Guidelines classify transfers of In-principle or Formal SEZ approvals into four categories-change of name without shareholding change; transfer to a wholly owned subsidiary or 100% SPV; court-ordered de merger; and transfers involving partial State ownership-and set these categories as the prospective framework for approval transfers. Applications must include the shareholding pattern at approval and after transfer. Cases outside these categories will be decided by the approval authority, and the Department will consult the revenue department to frame separate policy for other scenarios.
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Transfer of SEZ approvals clarified into defined categories; transfers now governed by documentation and approval rules
Guidelines classify transfers of In-principle or Formal SEZ approvals into four categories-change of name without shareholding change; transfer to a wholly owned subsidiary or 100% SPV; court-ordered de merger; and transfers involving partial State ownership-and set these categories as the prospective framework for approval transfers. Applications must include the shareholding pattern at approval and after transfer. Cases outside these categories will be decided by the approval authority, and the Department will consult the revenue department to frame separate policy for other scenarios.
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