TaxTMI 
TaxTMI 
Minutes of the 76th meeting of the Board of Approval for SEZ held on 28th March 2017 to consider setting up of Special Economic Zones and other miscellaneous proposals
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....osal for setting up of Free Trade Warehouse Zone (FTWZ) at Village-Taloi, Taluka-Bhiwandi, District-Thane, Maharashtra, over an area of 300 hectares subject to the condition that the developer while acquiring the land and before obtaining formal approval of the Government of India will comply with all the legal requirements of the State Government under various Act/Rules/Regulations & orders concerning land & other related matters including the Government of India prevailing SEZ Guidelines in force. (ii) Request of M/s. Metro Infocity Pvt. Ltd., M/s. Zamidar Realcom Pvt. Ltd. and M/s. Lavya Realtors Pvt. Ltd. (jointly) for setting up of sector specific SEZ for Electronic Hardware & Software including IT/ITES at Village Behrampur & Balola, Tehsil-Sohna, District Gurgaon, Haryana over an area of 10.11 hectares. The Board, after deliberations, approved the proposal for setting up of a sector specific Special Economic Zone for IT/ITES at Village Behrampur & Balola, Tehsil-Sohna, District Gurgaon, Haryana, over an area of 10.11 hectares, subject to the condition that the developer shall maintain the contiguity of SEZ under the SEZ provisions, subject to fulfillme....
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....tar Pradesh being developed by M/s. Arshiya Northern FTWZ Ltd. The Board after deliberations, approved the proposal of M/s. Arshiya Technologies (India) Private Limited for construction of five nos. of warehouses, operation and maintenance of warehouses over an area of 51,840 sqm in accordance with the co-developer agreement entered into with the developer, subject to standard terms and conditions as per SEZ Act and Rules. (ii) Request of M/s. Rudradev Properties Private Limited for co-developer in the FTWZ at Village Ibrahimpur, Junaidpur urf Maujpur, Tehsil Khurja, District Bulandshar, Uttar Pradesh being developed by M/s. Arshiya Northern FTWZ Ltd. The Board after deliberations, approved the proposal of M/s. Rudradev Properties Private Limited for operation and maintenance of three nos. of existing warehouses (warehouse No. 52, 53 & 54) over an area of 31,104 sqmt in the processing area in accordance with the co-developer agreement entered into with the developer, subject to standard terms and conditions as per SEZ Act and Rules. (iii) Request of M/s. Bhate & Raje Construction Co. Pvt. Ltd. for co-developer in the sector spec....
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....ironment. Further, the co-developer will also operate and maintain the built-up space, over an area of 6,55,600 sq.ft. in accordance with the co-developer agreement entered into with the developer, subject to standard terms and conditions as per SEZ Act and Rules. (vii) Request of M/s. Oryx IT Society for co-developer in the sector specific SEZ for IT/ITES at Nanakramguda Village, Serilingampally Mandal, Ranga Reddy District, Telangana being developed by M/s. Phoenix Embassy Tech Zone Private Limited The Board, after deliberations, approved the proposal of M/s. Oryx IT Society. The proposed co-developer will be investing the up-gradation of the allotted built-up space to create a plug and play environment. Further, the co-developer will also operate and maintain the built-up space, over an area of 1,92,500 sq.ft. in accordance with the co-developer agreement entered into with the developer, subject to standard terms and conditions as per SEZ Act and Rules. (viii) Request of M/s. Nectar IT Society for co-developer in the sector specific SEZ for IT/ITES at Survey No. 115/35, Nanakramguda Village, S....
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....Private Limited The Board, after deliberations, approved the proposal of M/s. Spectrum IT Society. The proposed co-developer will be investing the up-gradation of the allotted built-up space to create a plug and play environment. Further, the co-developer will also operate and maintain the built-up space, over an area of 1,62,500 sq.ft. in accordance with the co-developer agreement entered into with the developer, subject to standard terms and conditions as per SEZ Act and Rules as well as notification of the SEZ. (xii) Request of M/s. Stellar IT Society for co-developer in the sector specific SEZ for IT/ITES at Survey No. 53/Paiki/Part, Gachibowli Village, Serilingampally Mandal, Ranga Reddy District, Telangana being developed by M/s. Phoenix IT City Private Limited The Board, after deliberations, approved the proposal of M/s. Stellar IT Society. The proposed co-developer will be investing the up-gradation of the allotted built-up space to create a plug and play environment. Further, the co-developer will also operate and maintain the built-up space, over an area of 1,10,000 sq.ft in accordance with the co-developer agreement entered into with the develo....
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....ertain acquisitions happen globally as a result of Business Transfer Agreement which result in transfer of the SEZ unit of the Indian company on a going concern basis to the acquirer. The BOA decided that such cases resulting in change of ownership would be decided on merits by the Board of Approvals on a case to case basis. (i) Request of M/s. Marine Infrastructure Developer Private Limited (MIDPL) a co-developer in M/s. L&T Shipbuilding SEZ at Kattupalli village, Thiruvallur District, Tamil Nadu for transfer 97% of equity shares to M/s. Adani Ports and Special Economic Zone and remaining 3% equity shares to M/s. TIDCO The Board, after deliberations, approved the proposal of transfer of 97% of equity shares to M/s Adani Ports and Special Economi Zone (APSEZ) and 3% of equity shares to M/s TIDCO (a Govt of Tamilnadu undertaking) out of the 100% equity shares presently held by M/s L&T Ltd , subject to the condition that any further capital expenditure for the infrastructure by the co-developer shall not be eligible for fiscal benefits in case this infrastructure is to be used for DTA or for dual purposes i.e. both for DTA and SEZ. (ii) Request ....