SEZ DEVELOPER

[SNEHAL SHAH]

Sir,

 

What is the difference between SEZ UNIT & SEZ Devloper & is there is any rules regulation different SEZ & SEZ developer .

 

pl. guide

SACHIN

AI Summary

Understanding SEZ Units vs. SEZ Developers: Key Differences and Regulatory Framework under SEZ Act 2005 and Rules 2006. A query was raised about the difference between SEZ Units and SEZ Developers and the applicable regulations. SEZ Units are established for manufacturing goods or providing services, while SEZ Developers are entities or state governments approved by the Central Government to develop business, residential, or recreational facilities in a Special Economic Zone. Developers or Co-Developers must hold at least 26% equity in the entity developing these facilities, especially if done through a separate entity or special purpose vehicle under the Companies Act, 1956. Relevant legislation includes the Special Economic Zones Act, 2005, and the Special Economic Zones Rules, 2006.