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CS Executive · Economic, Commercial and Intellectual Property Laws · Law relating to Special Economic Zones

Ananya Infra Pvt Ltd has received a letter of approval under sub-section (10) of section 3 of the SEZ Act, 2005 for developing an SEZ. Which step must the Developer take next so that the identified area can be notified as an SEZ?

After receiving the letter of approval, the Developer must submit the exact particulars of the identified area to the Central Government. The Government, once satisfied that the prescribed requirements are fulfilled, notifies the area as a Special Economic Zone under section 4(1).

  1. ASubmit the exact particulars of the identified area to the Central GovernmentCorrect
  2. BApply to the State Government for a licence under the Industries (Development and Regulation) Act, 1951
  3. CBegin operations in the area and notify it afterwards
  4. DAsk the Development Commissioner to notify the area directly

Explanation

Under section 4(1), after the letter of approval is granted the Developer submits the exact particulars of the identified area to the Central Government. The Central Government then notifies the area once the requirements are satisfied. Operations cannot precede notification, and the Development Commissioner has no power to notify the area.

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