TMI BlogProcedure for Setting up an International Finance Service Centre (IFSC) unit in SEZX X X X Extracts X X X X X X X X Extracts X X X X ..... Secretaries of all States/UTs 2. All Development 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Partnership Deed in case of partnership firm/Limited v. Copies of 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/ Propriet ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... designated Approval Committee notified by the Department of Commerce, under 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 th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hich shall be jointly accepted by Development Commissioner and Specified Officer. The Form-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 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9. The unit shall execute registered lease deed with SEZ developer and submit the same within 6 months 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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