https://www.taxtmi.com/circulars?id=57077 Reorganisation of SEZ developers, co-developers and units-including name change, shareholding change, business transfers and court approved mergers/demergers-requires prior approval (Board of Approval for developers; Approval Committee for units), the entity must continue as a going concern and must not exit the SEZ, and all liabilities remain unchanged. Reorganisation is subject to safeguards: continuity of SEZ activities and obligations; fulfilment of eligibility criteria and security clearances; compliance with revenue, company and securities laws on taxability and transfers; prompt reporting of financial details to CBDT and jurisdictional authority; Assessing Officer's right to tax assessment; and compliance with State laws and PAN/reporting requirements. en-us Thu, 17 May 2018 00:00:00 +0530 Wed, 06 Jun 2018 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57077 Reorganisation of SEZ developers, co-developers and units-including name change, shareholding change, business transfers and court approved mergers/demergers-requires prior approval (Board of Approval for developers; Approval Committee for units), the entity must continue as a going concern and must not exit the SEZ, and all liabilities remain unchanged. Reorganisation is subject to safeguards: continuity of SEZ activities and obligations; fulfilment of eligibility criteria and security clearances; compliance with revenue, company and securities laws on taxability and transfers; prompt reporting of financial details to CBDT and jurisdictional authority; Assessing Officer's right to tax assessment; and compliance with State laws and PAN/reporting requirements. Circulars SEZ Thu, 17 May 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57077