Instruction No. 59, dated 18-6-2010

Government has been receiving requests for shifting of units from one SEZ to another SEZ due to various reasons. These requests were considered but could not be acted upon as there are no specific provisions under the SEZ Rules for these shifts and also there are no rule prohibiting the shifts, with the consolidation of SEZs, shifting of units may become more frequent and, accordingly, the entire issue was placed before Board of Approvals for its directions. After due deliberations, it has been decided by the Board that in principle there is no objection for such shifting. However, all proposals for shifting of units from one SEZ to another must be placed before the Board for its consideration.

More Under Corporate Law

Posted Under

Category : Corporate Law (3398)
Tags : SEZ (136) SEZ notifications (57)

Leave a Reply

Your email address will not be published. Required fields are marked *