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TMI BlogCabinet approves Promulgation of an Ordinance for Amendment to the Special Economic Zones Act, 2005X X X X Extracts X X X X X X X X Extracts X X X X ..... Cabinet approves Promulgation of an Ordinance for Amendment to the Special Economic Zones Act, 2005 - News and Press Release Dated:- 1-3-2019 - News - The Union Cabinet, chaired by the Prime Ministe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r Narendra Modi has approved promulgation of an Ordinance to amend the definition of person , as defined in sub-section (v) of section 2 of the Special Economic Zones Act, 2005 (28 of 2005) to in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... clude a trust, to enable the setting up of a unit in a Special Economic Zone by a trust, as also to provide flexibility to the Central Government to include in this definition of a person, any entity ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that the Central Government may notify from time to time. Impact: The present provision of the SEZs Act, 2005 do not permit 'trusts' to set up units in SEZs. The amendment will enabl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e a trust to be considered for grant of permission to set up a unit in SEZs. The amendment will also provide flexibility to the Central Government to include in this definition of a person, any entity ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that the Central Government may notify from time to time. This will facilitate investments in Special Economic Zones. - News - Press release - PIB Tax Management India - taxmanagementindia - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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