Requirement of lease agreement when Developer/Co-Developer and unit are the same - clarification - reg. - SEZ - 31/2009

Instruction No. 31 F. No. C.6/3/2009-SEZ Government of India Ministry of Commerce and Industry Department of Commerce Udyog Bhawan, New Delhi Dated the 17th August 2009 To All Development Commissioners Sub: Requirement of lease agreement when Developer/Co-Developer and unit are the same - clarification - reg. Sir, References have been received seeking clarification on Rule 18(2) on the issue of regarding requirement of lease agreement when the Developer/Co-Developer and the unit are the same legal entity. 2. It is clarified that in cases where Developer or Co-Developer setup a unit, there is no need for a separate lease agreement between the developer/Co-Developer an unit. An allotment letter from the Developer or Co-Developer to the unit would be sufficient. Yours faithfully, Sd/- (T. Srinidhi) Director Tel: 23063265