Discuss the functions of Authority constituted under Special Economic Zone Act, 2005.
CS Executive · Economic, Business and Commercial Laws · PYQS · December 2020
Discuss the functions of Authority constituted under Special Economic Zone Act, 2005.
Answer & Explanation:
Section 34 of the Special Economic Zones Act, 2005 casts upon the Authority a duty to undertake such measures as it thinks fit for the development, operation and management of the respective Special Economic Zone. They are as under: the development of infrastructure in the Special Economic Zone; promoting exports from the Special Economic Zone; reviewing the functioning and performance of the Special Economic Zone; levy user or service charges or fees or rent for the use of properties belonging to the Authority; performing such other functions as may be prescribed.
Topics: Special Economic Zone Act, 2005
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