How the approval committee is constituted under the Special Economic Zone Act, 2005?

CS Executive · Economic, Business and Commercial Laws · PYQS · December 2022
How the approval committee is constituted under the Special Economic Zone Act, 2005?

Answer & Explanation:

Section 13 of the Special Economic Zones Act, 2005 empowers the Central Government to constitute by notification, a Committee for every Special Economic Zone, to be called the Approval Committee to exercise the powers and perform the functions as specified. In the case of existing Special Economic Zones, the Approval Committee is required to be constituted within six months from the date of commencement of the Act and in case of other Special Economic Zones established after the commencement of the Act within six months from the date of establishment of such Special Economic Zone. This section also contains provisions relating to composition of meetings and its quorum and requires all orders and decisions and instructions of the Approval Committee to be authenticated by the signature of the Chairperson or any other Member as may be authorised by the Approval Committee.

Topics: Special Economic Zones (SEZ) Act, 2005

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