Guidelines regarding reorganization including change of name, change of shareholding pattern, business transfer arrangements, court approved mergers and demergers, change of constitution, change of Directors, etc. of SEZ Developers / Co-developers as well as SEZ Units

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....o.109 File No: K-43013(13)/7/2021-SEZ Government of India/Bharat Sarkar Ministry of Commerce and Industry/Vanijya Aur Udyog Mantralaya Department of Commerce/Vanijya Vibhag (SEZ Section) Udyog Bhawan, New Delhi Dated the 18 October, 2021 To 1. All Chief Secretaries of State Governments. 2. All Development Commissioners Subject: Guidelines regarding reorganization i....

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.... (i) Reorganization including change of name, change of shareholding pattern, business transfer arrangements, court approved mergers and demergers, change of constitution, change of Directors, etc. may be undertaken by the Unit Approval Committee (UAC) concerned subject to the condition that the Developer / Co-developer / Unit shall not opt out or exit out of the Special Economic Zone and conti....

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....be furnished immediately to Member (IT&R), CBDT, Department of Revenue and to the jurisdictional Authority. e. The Assessing Officer shall have the right to assess the taxability of the gain /loss arising out of the transfer of equity or merger, demerger, amalgamation, transfer and ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax....