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What is difference between SEZ Developer & SEZ Unit?
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Answer Posted / swati
SEZ units are the units set up for the manufacture of goods
or rendering of services.
SEZ Developer means a person who, or a State Government
which, has been granted by the Central Government a letter
of approval under sub-section (10) of section 3 and
includes an Authority and a Co-Developer
The Developer or Co-Developer shall have at least twenty-
six percent of the equity in the entity proposing to create
business, residential or recreational facilities in a
Special Economic Zone in case such development is proposed
to be carried out through a separate entity or a special
purpose vehicle being a company formed and registered under
the Companies Act, 1956 (1 of 1956).
Please refer :
1. THE SPECIAL ECONOMIC ZONES ACT, 2005
2. Special Economic Zones Rules, 2006
| Is This Answer Correct ? | 8 Yes | 4 No |
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