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of <h1>No Lease Needed for Same Legal Entity in SEZs: Allotment Letter Suffices u/r 18(2.</h1> The Ministry of Commerce and Industry has issued a clarification regarding the requirement of a lease agreement when a Developer or Co-Developer and a unit are the same legal entity under Rule 18(2). It states that in such cases, a separate lease agreement is not necessary. Instead, an allotment letter from the Developer or Co-Developer to the unit is sufficient. This directive is intended for all Development Commissioners to streamline processes within the Special Economic Zones (SEZ).
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