Section 34 of Special Economic Zones Act, 2005 casts upon the Authority a duty to undertake such measures for the development, operation and management of Special Economic Zone. Explain.
CS Executive · Economic, Business and Commercial Laws · PYQS · December 2018
Section 34 of Special Economic Zones Act, 2005 casts upon the Authority a duty to undertake such measures for the development, operation and management of Special Economic Zone. Explain.
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. Section 34(2) of the Special Economic Zones Act, 2005 provides for the following measures: 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 Zones Act, 2005
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