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Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
The Central Government, exercising powers under the Special Economic Zones Act, 2005 and SEZ Rules, has de-notified 2.27 hectares from a notified IT/ITES SEZ in Gachibowli Village, reducing the SEZ's area to 1.33 hectares. The de-notification follows the developer's proposal, the State Government's approval, and the Development Commissioner's recommendation, and the government found statutory requirements satisfied. The de-notified parcels will be used for infrastructure serving the SEZ's objectives and will conform to the State's land-use guidelines and master plans.
The Central Government, exercising powers under the Special Economic Zones Act, 2005 and SEZ Rules, has de-notified 2.27 hectares from a notified IT/ITES SEZ in Gachibowli Village, reducing the SEZ's area to 1.33 hectares. The de-notification follows the developer's proposal, the State Government's approval, and the Development Commissioner's recommendation, and the government found statutory requirements satisfied. The de-notified parcels will be used for infrastructure serving the SEZ's objectives and will conform to the State's land-use guidelines and master plans.
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