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Home Acts & Rules SEZ Act SPECIAL ECONOMIC ZONES ACT, 2005 Chapters List Chapter III CONSTITUTION OF BOARD OF APPROVAL This
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Section 10 - Suspension of letter of approval and transfer of Special Economic Zone in certain cases - SPECIAL ECONOMIC ZONES ACT, 2005

Extract

..... is such that he is unable to fully and efficiently discharge the duties and obligations imposed on him by the letter of approval, and the circumstances exist which render it necessary for it in public interest so to do, the Board may, on application, or with the consent of the Developer, or otherwise, for reasons to be recorded in writing, suspend the letter of approval, granted to the Developer for a whole or part of his area established as Special Economic Zone, for a period not exceeding one .....

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Section 10 - Suspension of letter of approval and transfer of Special Economic Zone in certain cases - SPECIAL ECONOMIC ZONES ACT, 2005

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..... complied with by the Developer and shall be of like force and effect as if they were contained in the letter of approval.(5) In case the Board suspends a letter of approval under this section, it shall serve a notice of suspension upon the Developer and fix a date on which the suspension shall take effect.(6) Upon suspension of the letter of approval under subsection (1), the Special Economic Zone of the Developer referred to in sub-section (5) shall vest in the Administrator under sub-section ( .....

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Section 10 - Suspension of letter of approval and transfer of Special Economic Zone in certain cases - SPECIAL ECONOMIC ZONES ACT, 2005

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..... date of appointment of the Administrator. (9) Where the Board suspends the letter of approval, under this section, in respect of any Developer, the following provisions shall apply, namely:-(a) the Board shall invite applications for transferring the letter of approval of the Developer, whose approval has been suspended and select the person or persons, in accordance with the procedure as may be prescribed, to whom the letter of approval of the Developer in the Special Economic Zone may be tran .....

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Section 10 - Suspension of letter of approval and transfer of Special Economic Zone in certain cases - SPECIAL ECONOMIC ZONES ACT, 2005

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