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TMI BlogMinutes of the 82th meeting of the. Board of Approval for SEZ held on 04 April 2018 to consider setting up of Special Economic Zones and other miscellaneous proposalsX X X X Extracts X X X X X X X X Extracts X X X X ..... erved that extensions may not be granted as matter of routine unless some progress has been made on ground by the developers. The Board, therefore, after deliberations, extended the validity of the formal approval to the requests for extensions beyond fifth years for a period of one year and those beyond sixth year for a period of 6 months from the date of expiry of last extension. (i) Request oi M/s. Indus Gene Expressions Ltd.-SEZ for further extension of the validity period of formal approval, granted for setting up of sector specific Bio-tech at Kodur village, Anantapur District, Andhra Pradesh for a period of one year beyond 13 th February 2018. The Board, after deliberations, approved extension of the validity of the formal approval up to 13 th February, 2019. (ii) Request of M/s Frontier Lifeline Private Limited for further extension of the validity period of formal approval, granted for setting up of Bio-Technology SEZ at EDUR, Gummidipoondi, Tamil Nadu for a period of one year beyond 27.11.2017. DC, MEPZ SEZ informed the Board that the Government of Tamil Nadu and the developer had reached an agreement to jointly develop a medical city (Me ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ce SEZ for extension of Letter of Approval (LOA) beyond 05-01-2018 for a period upto 05-01-2019. The Board, after deliberations, approved extension of the validity of the LoP up 5th January, 2019. (v) Request of M/s. Shantha Biotechnics Pvt. Ltd (u-2) in the M/s. Shantha Biotechnics Pvt. Ltd SEZ for extension of Letter of Permission (LOP) beyond 3rd Year upto 16.4.2019. The Board, after deliberations, approved extension of the validity of the LoP up 16th April, 2019. (vi) Request of M/s. Zydus Technologies Ltd., in the Zydus Pharmaceutical - SEZ, Matoda, Ahmedabad, Gujarat for extension in validity of Letter of Approval (LOA) beyond 28-06-2018 for further period of one year upto 28-06-2019. The Board, after deliberations, approved extension of the validity of the LoP up to 28th June, 2019. (vii) Request of M/s. Wockhardt Ltd., unit 3 in the sector specific SEZ for Pharmaceuticals being developed by M/s. Wockhardt Infrastructure Development Limited at Shendre, Aurangabad, Maharashtra for extension of Letter of Permission (LOP) for a period of one year beyond 24th October, 2017. The Board, after deliberations, approved extension of the val ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted, Bangalore for co-developer status in the Infopark SEZ at Ernakulam District, Kerala. The Board, after deliberations, approved the proposal of M/s. WTC Trades Projects Pvt. Limited for Operation and maintenance of Buildings and other infrastructure/facilities to be undertaken in the IT building developed by M/s Brigade Enterprises Limited, the co-developer of the SEZ. The proposed activities to be undertaken by M/s. WTC Trades Projects Pvt. Limited, Bangalore shall be in accordance with the co-developer agreement entered into with the developer, subject to standard terms and conditions as per SEZ Act and Rules provided that the lease period does not exceed 30 years (Renewable). (v) Request of M/s. Access Health Care services Pvt. Ltd for co-developer status in M/s. Coimbatore Hitech Infrastructure Private Limited-SEZ, IT/ITES at Keeranatham village, Coimbatore (N), Coimbatore, Tamil Nadu. The Board, after deliberations, approved the proposal of M/s. Access Health Care services Pvt. Ltd. to construct IT/ITES facility and Electronic Hardware and software facility in accordance with the co-developer agreement entered into with the developer, subject to stan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nder 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 unit shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT. (ii) Request for prior approval transfer of shares exceeding 50% of M/s. Nalanda Shelter Pvt. Ltd. (Developer) to M/s. Xander Investment Management Pte. Ltd., Singapore (Investor) transfer of equity shareholding of the company. The Board approved the proposal subject to following conditions:- i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered developer entity; ii) Fulfilment of all eligibility criteria applicable to developer, including security clearances etc., by the altered 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 fur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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, 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 unit shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT. (v) Request of M/s. eInfochips Limited (Unit A), a unit in M/s. Magarpatta City-SEZ at Pune for Change of 100% Shareholding Pattern ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 unit shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT. (vii) Request of M/s. SmarTek Consultancy Services India Pvt. Ltd., a unit in M/s. Qubix Business Park Pvt. Ltd. - SEZ at Pune for Change of Entrepreneur of existing SEZ from M/s. Smartek Consultancy Services India Pvt. Ltd. to SmarTek21 Pvt. Ltd. The Board approved (he proposal subject to following conditions:- i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered unit entity: ii) Fulfilment of eligibility criteria applicable to unit including security clearances by the altered unit entity and its constituents; iii) Applicability of and compliance with all Revenue Company Affairs SEBI etc. rules which regulat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l furnish details of PAN and jurisdictional assessing officer of the unit to CBDT. (ix) M/s. Western Outdoor Interactive Pvt. Ltd.-II, a unit in SEEPZ SEZ for change of implementing agency consequent upon amalgamation of M/s. Western Outdoor Interactive Pvt. Ltd., to M/s. Fairdeal Multimedia Pvt. Ltd., as approved by the Hon'ble National Company Law Tribunal, Mumbai Bench vide Order dated 22.09.2017. The Board approved the proposal subject to following conditions:- i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered unit entity; ii) Fulfilment 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, 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 sha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... igibility 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 applicable and eligibility for deduction under relevant sections of the Income Tax, 1961. vi) The applicant shall comply relevant State Government laws, including those relating to lease of land, as applicable. vii) The unit shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT. (xii) Request of M/s. CEB India Pvt. Ltd. a unit in DLF SEZ, Manapakkam, Chennai for transfer of shares exceeding 50% to anothe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erships 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 unit shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT. Item No. 82.6: Cancellation of Formal Approval/co-developer (one proposal) The Board, after deliberations, approved cancellation of co-developer status granted to M/s. OPG Power Infrastructure Pvt. Ltd. in KASEZ. Item No. 82.7: Miscellaneous Cases (9 proposals) (i) Request of M/s. SEZ Biotech Services Pvt. Ltd for increase in area of 4.1925 hectares in the sector specific SEZ for Biotechnology at Manjari Budruk, Taluka Haveli, District Pune - Maharashtra, The Board, after deliberations, approved the proposal. (ii) Request of M/s ANSR Global Corporation Pvt. Ltd. (formerly known as Network Information Global Services India Pvt. Ltd.), Bangalore for Co-Developer status in Manyata Embassy Business Park SEZ, Bangalore for development of the SEZ area specifically to undertake the authorized operations ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ishyiraya Recycling (India) Pvt. Ltd. a unit in MEPZ for renewal of LoA from 01.01.2018 to 31.12.2022. The Board after deliberations, approved extension of LoA up to 31.12.2022. (vi) M/s. Grand Canyon SEZ Pvt. Ltd., Co-developer of IT/ITES SEZ of M/s. ASF Insignia SEZ Pvt. Ltd.at Village Gwal Pahari, Gurgaon (Haryana) - Proposal for increase of area from 3.739 acre to 3.741 acre and addendum of Co-developer agreement dt. 03.02.2016. The Board, was informed by DC, NSEZ that the revenue records pertaining to the additional area had been verified. The Joint Director (Industries), Government of Haryana also confirmed that the additional area had been verified from the revenue records. The Board after deliberations approved the proposal subject to standard terms and conditions as per SEZ Act and Rules provided that the lease period is reduced to a period not exceeding 30 years (Renewable). (vii) M/s. Kings Canyon SEZ Pvt. Ltd., Co-developer of IT/ITES of M/s. ASF Insignia SEZ Pvt. Ltd. at Village Gwal Pahari, Gurgaon (Haryana) - Proposal for amendment in co-developer agreement and Lease deed executed with the SEZ Developer. The Board, was informed by DC, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the SEZ activities with unaltered responsibilities and obligations for the altered unit entity; ii) Fulfilment 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 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 unit shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ria applicable to developer. including security clearances etc., by the altered 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 developer shall furnish details of PAN and jurisdictional assessing officer of the developer to CBDT. Item No. 82.9: Miscellaneous Cases (2 proposals) (i) Restoration of LoA of M/s. Sarthak Warehousing Trading Co. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Industries Commerce, Haryana. 10. Shri Anil Kant Mishra, Research Assistant TCPO, Ministry of Urban Development, Vikas Bhawan, I.P. Estate, New Delhi 11. Shri Sushant Sudan, Dy. Director, DIPP. 12. Ms. Urmila, Joint Director, Ministry of Environment Forest Climate Change. 13. Shri Rajiv Malik, Assistant Resident Commissioner, Govt. of Maharashtra, Maha Sadan. 14. Shri Gurpreet Singh, Manager, PSIEC, Govt. of Punjab. 15. Dr. Krishna Kanth Pulicherla, Scientist, TDT Division, Room No. 13, Hall C, Technology, Technology Bhawan, New Delhi. 16. Shri Daya Kishore Joseph Lakra, Scientist C IPS ITS Division, M/o Electronics IT, Electronics Niketan, CGO Complex, New Delhi. 17. Shri N.K. Singh, OSD, Noida Authority, Govt. of Uttar Pradesh. 18. Shri Yash Kumar Sehgal, Director, CHL Ltd 19. Shri Sukhbir Singh, ADV. CHL LIST OF DEVELOPMENT COMMISSIONERS 20. Dr. L.B. Singhal, Development Commissioner, Noida SEZ 21. Dr. M.K.S. Sundram, Development Commissioner, MEPZ-SEZ/ CSEZ/Sri City SEZ 22. Shri Baldev Singh, Development Commissioner, SEEPZ-SEZ 23. Shri Upendra Vashisht, Development Commissioner, KASEZ 24 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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