Clarification on execution of Bond Undertaking by the SEZ Developer or SEZ Unit in terms of rule 22(1 )(iv) of the SEZ Rules, 2006.

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....s Subject: Clarification on execution of Bond Undertaking by the SEZ Developer or SEZ Unit in terms of rule 22(1 )(iv) of the SEZ Rules, 2006. Sir/Madam, The undersigned is directed to say that the representations have been received from the SEZ Developer SEZ Unit seeking clarification on execution of bond Undertaking by the SEZ Developer or SEZ unit in terms of Rule 22 (1 )(iv) of SEZ rules, 2....

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....hall be furnished. Hence as per this provision a developer or unit is required to monitor its own Bond-cum-legal undertaking on quarterly and yearly basis and is case there is shortfall, developer or unit is required to submit, on its own, additional bond-cum-legal Undertaking. This is the responsibility of the developer or unit to ensure that sufficient balance is available in the Bond-cum-legal ....