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TMI BlogMinutes 72nd meeting of the of the Board of Approval for SEZs held on 12th August 2016 to consider proposals for setting up Special Economic Zones and other miscellaneous proposalsX X X X Extracts X X X X X X X X Extracts X X X X ..... The Board, after deliberations, extended the validity of the formal approval up to 18th September, 2017. (i) Request of Kerala State Information Technology Infrastructure Limited for further extension of the validity period of formal approval, granted for setting up of sector specific SEZ for IT/ITES at Eramam Village, Kannur District, Kerala, beyond 18th September 2016 The Board, after deliberations, extended the validity of the formal approval up to 18th September, 2017. Item No. 72.2 : Requests for extension of LoP beyond 3rd Year onwards (i) Request of M/s. JBF Petrochemicals Limited, a unit in Mangalore (Multi Product) SEZ at Mangalore, Bangalore for extension of LoP beyond 15th September, 2016 The Board, after deliberations, extended the validity of the LoP up to 15th September, 2017. (ii) Request of M/s. Sameer Industries, a unit in KASEZ for extension of Letter of Permission (LoP) The Board, after deliberations, extended the validity of the LoP for the remaining period of 5 year block i.e. till 02.04.2019 subject to the conditions recommended by DC KASEZ. (iii) Request of M/s. Kitchen Xpress Overseas Limited, a unit in KASEZ for rene ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... District South 24, Praganas, over an area of 20.148. After deliberations, the Board rejected the proposal due to lack of recommendation from the State Government. (ii) Request of M/s. Devbhumi Realtors Private Limited for setting up of a sector specific SEZ for IT/ITES at (Sy. No. 83/1, Raidurg Panmakhtha Village, Serilingampally Mandal, Ranga Reddy District, Telangana. The Board approved the proposal for formal approval for setting up of a sector specific Special Economic Zone for IT/ITES at (Sy. No. 83/1, Raidurg Panmakhtha Village, Serilingampally Mandal, Ranga Reddy District, Telangana, over an area of 2.02 hectares. (iii) Request of M/s. Phoenix Living Spaces Private Limited for setting up of a sector specific SEZ for IT/ITES at Ameenpur Village, Patancheru Mandal, Medak District, Telangana, over an area of 5.67 hectares. The Board approved the proposal for formal approval for setting up of a sector specific Special Economic Zone for IT/ITES at Ameenpur Village, Patancheru Mandal, Medak District, Telangana, over an area of 5.67 hectares. (iv) Request of M/s. Phoenix Embassy Tech Zone Private Limited for setting up of a sector specific SEZ for IT/ITE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for change of name to M/s. Sirius Computer Solutions India Private Limited. After deliberations, the Board approved the proposal for change of name from Avnet Services Private to M/s. Sirius Computer Solutions India Private Limited and shareholding of the company subject to following conditions:- (i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered unit entity; (ii) Fulfillment of all eligibility criteria applicable to unit, including security clearances etc., by the altered unit entity and its constituents; (iii) Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules which regulate issues like capital gains, equity change, transfer, taxability etc. (iv) Full financial details relating to change in equity/merger, demerger, amalgamation or transfer in ownership etc. shall be furnished immediately to Member (IT), CBDT, Department of Revenue and to the jurisdictional Authority. (v) 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h unaltered responsibilities and obligations for the altered co-developer entity; (ii) Fulfillment of all eligibility criteria applicable to co-developer, including security clearances etc., by the altered co-developer entity and its constituents; (iii) Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules which regulate issues like capital gains, equity change, transfer, taxability etc. (iv) Full financial details relating to change in equity/merger, demerger, amalgamation or transfer in ownership etc. shall be furnished immediately to Member (IT), CBDT, Department of Revenue and to the jurisdictional Authority. (v) 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 . (vi) The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. (vii) The co-developer shall furnish details of PAN and jurisdictional assessing officer of the co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sal for change of entrepreneur from M/s. Dell International Services India Pvt. Ltd. (DIS) to M/s. Dell Business Process Solutions India Pvt. Ltd. (DBPS) as per Rule 19 (2) of the SEZ Rules, 2006. (viii) Proposal of M/s. Bagmane Developers Private Limited developer in the sector specific SEZ for IT/ATES at Mahadevapura, Bangalore, Karnataka for approval of authorized operation in the non-processing area of the SEZ After deliberations, the Board deferred the proposal for consultation with the State Government. (ix) Request of M/s. Texool Spinners, a unit in KASEZ (permission of inclusion of manufacture of Sacks Bags from Old used clothing) (item no. 97.2.4) against the order dated 06.06.2016 passed by UAC, KASEZ. After deliberations, the Board rejected the proposal. Item No. 72.6 : Appeals before BoA (i) Appeal of M/s. Moser Baer India Limited (SEZ Power Plant Unit), a unit in NSEZ against order dated 20.08.2015 passed by UAC, NSEZ. The proposal was placed before the 72nd BoA meeting held on 12th August, 2016, However, the Board deferred the appeal since the matter requires inter ministerial consultation with regard to power guidelines. (i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Item No. 72.9 : Miscellaneous Cases (i) Request of M/s. Clarice Technologies India Pvt. Ltd., a unit in M/s. Neopro Technologies Pvt. Ltd. at Plot No. 2, Blue Ridge Township, Behind Cognizant, Near Rajiv Gandhi Infotech Park, Phase - I, Hinjewadi, Pune for change of name to M/s. Globant India Pvt. Ltd. After deliberations, the Board approved the proposal for change of name from M/s. Clarice Technologies India Pvt. Ltd. to M/s. Globant India Pvt. Ltd. and shareholding of the company subject to following conditions:- (i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered unit entity; (ii) Fulfillment of all eligibility criteria applicable to unit, including security clearances etc., by the altered unit entity and its constituents; (iii) Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules which regulate issues like capital gains, equity change, transfer, taxability etc. (iv) Full financial details relating to change in equity/merger, demerger, amalgamation or transfer in ownership etc. shall be furnished immediately to Member (IT), CBDT, Department of Revenue and to the jur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ance with all Revenue / Company Affairs /SEBI etc. rules which regulate issues like capital gains, equity change, transfer, taxability etc. (iv) Full financial details relating to change in equity/merger, demerger, amalgamation or transfer in ownership etc. shall be furnished immediately to Member (IT), CBDT, Department of Revenue and to the jurisdictional Authority. (v) 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. (vi) The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. (vii)The co-developer shall furnish details of PAN and jurisdictional assessing officer of the co-developer to CBDT. (iv) Request for change-in-sector specific nature of the SEZ from Apparel to Textiles Articles of Textiles submitted by Chairman Managing Director, Gujarat Industrial Development Corporation, (GIDC) Gandhinagar After deliberations, the Board approved th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h Assistant TCPO, Ministry of Urban Development, Vikas Bhawan, I.P. Estate, New Delhi 10. Shri R. N. Singh, Under Secretary, M/o Home Affairs 11. Shri Sanjay Ashav, Asstt. Commissioner, O/o Resident Commissioner, Govt. of Maharashtra, New Delhi 12. Shri S.P. Singh Liongia, Officer of Special Duty 13. Shri Subhash Sharma, Officer of Special Duty (Ind. Department), Govt. of Chhattisgarh 14. Shri Shailender Singh, Resident Director, Karnataka Udyog Milka, G.K. 15. Dr. S.K. Sahoo, Dy, Director (EP), O/o DC, (MSME), Nirman Bhawan, New Delhi. 16. Shri Ajay Kumar K, Joint Secretary LO, O/o RC, Kerala House, New Delhi. 17. Shri Saji Kumar.S, Asstt. Liaison Officer, Kerala House, New Delhi. LIST OF DEVELOPMENT COMMISSIONERS 18. Dr. L.B. Singhal, Development Commissioner, Noida SEZ/Falta SEZ 19. Dr. Safeena AN, Development Commissioner, CSEZ 20. Shri Upendra Vashisht, Development Commissioner, KASEZ 21. Shri Sanjeev Nandwani, Development Commissioner, AP SEZ/APIIC 22. Ms. Sobhana K.S. Rao, Development Commissioner, VSEZ 23. Shri M.K.S. Sundram, Development Commissioner, MEPZ-SEZ 24. Shri J.M. Gupta, Development Commissioner ..... X X X X Extracts X X X X X X X X Extracts X X X X
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