What are the guidelines for Notifying the Special Economic Zone under section 5 of Special Economic Zone Act 2005 ?
CS Executive · Economic, Commercial and Intellectual Property Laws · PYQS · December 2024
What are the guidelines for Notifying the Special Economic Zone under section 5 of Special Economic Zone Act 2005 ?
Answer & Explanation:
Section 5 of the Special Economic Zone Act, 2005 stipulates broader guidelines to be considered by the Central Government, while notifying any area as a Special Economic Zone or an area to be included in the SEZ and in discharging its functions under the Act. These include: generation of additional economic activity; promotion of exports of goods and services; promotion of investment from domestic and foreign sources; creation of employment opportunities; development of infrastructure facilities; and maintenance of sovereignty and integrity of India, the security of the State and friendly relations with foreign States.
Topics: Special Economic Zone Act, 2005
Related Questions in this Topic
- Explain the term "Industrial Property" under Intellectual Property Rights?
- Explain the essential requirements for the registration of a 'Design' under the Designs Act, 2000.
- What is meant by copyright under Section 14 of the Copyright Act, 1957 in relation to a computer programme and an artist...
- What is the tort of passing off in relation to unregistered trademarks? What are the essential elements that a plaintiff...
- Nature Fresh Pvt. Ltd. obtained registration of the trade mark "GREENBITE" in 2016 for packaged fruit juices. However, a...