Procedure for Setting up an International Finance Service Centre (IFSC) unit in SEZ

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... velopment Commissioners of SEZs 3. Department of Revenue (CBDT/CBEC), Govt. of India 4. DG, EPCES Subject: Procedure for Setting up an International Finance Service Centre (IFSC) unit in SEZs- regarding. Sir/Madam. Please refer to the Notification issued vide S.O.968 (E) dated 8-4-2015 under Section 18(2) of the Special Economic Zones Act, 2005, which may be viewed at http://sezindia.nic.in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... f Passport, PAN and last three years' Income Tax Returns in Officer, Ministry of Commerce & Industry, Department of Commerce' payable at 'New Delhi'. proposed to be undertaken, economic feasibility, cost of the project, means of financing etc. or Public Limited Company. Liability Partnership.respect of Directors /Partners/ Proprietor, as the case may be. vi. Copies of PAN alongwith last three ye .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Section 13 of the Act. Where such Approval Committee is yet to be constituted and notified, the Development Commissioner of the SEZ is empowered to carry out all the functions and exercise all the powers of the Approval Committee. The Approval Committee shall exercise all powers and functions as per Section 14 of the Act. 5. The Approval Committee may approve or reject a proposal placed before i .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... -H on ₹ 100/- Stamp paper bought and notarized from the State concerned shall be submitted to the Development Commissioner alongwith following documents :- (i) Board Resolution / Authority in favour of Authorised Signatory. (ii) Common seal in case of company is to be affixed. (iii) Signature of Authorised Signatory is to be witnessed by two persons. (iv) Copy of Passport or Voter ID .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of issue of LOA. 10. The Unit shall abide by all rules, regulations and conditions, and maintain records / books of accounts as prescribed by sectoral regulators, and confirm to/fulfil the conditions as per the SEZ Act and Rules. 11. Any difficulty or suggestion in these instructions may be brought to the otice of the Director, SEZ Division, Department of Commerce, Udyog Bhawan, New Delhi. You .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X