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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..... t 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 including change of name, change of shareholding pattern, business trans .....

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..... rn, 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 continues to operate as a going concern. All liabilities of the Developer/ Co-deve .....

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..... 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 Act, 1961. f. The applicant shall comply with relevant State Government laws, including those relating to lease .....

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