............................................................................................................................. Description In the last few years, the number of Special Economic Zones (SEZs) inIndia have been growing at a rather fast pace. In 2008, certain questions were raised as to the policy of the Central Government of allowing a plethora of SEZs - questions that were raised in Nandigram andGoa. This, in addition to the fact that in the current economic scenario, a number of SEZs are requested to be denotified as funds dryup. Not only does this book break down the subject matter by topic and discuss each aspect of the SEZ legislation in India - such as procedure,incentives, compliance, etc - it also attempts to bring into focus whether the current SEZ policy is economically and socio-politically viable. This book not only caters to the needs of professionals, CAs, lawyers,etc, but has also been written in a style lucid enough to appeal to the lay person. Professionals having sound knowledge of the subject would be able to use this book as a reference guide. At the same time, investors would be able to gather basic information about SEZ policies and procedures. Thus, it seeks to bridge the gap between investors and consultants by providing information and guidance which is both detailed and simplified at the same time. Among other related topics, the book includes: • The history and development of the SEZ policy • Procedure for setting-up SEZs and SEZ Units • Incentives offered under the SEZ Act and Rules • Compliances required for SEZs and SEZ Units • Statistics of performance of SEZs in the last few years • Discussion on controversial issues relating to the operation and implementation of the SEZ Act and Rules ............................................................................................................................. Contents About Author Foreword Preface Acknowledgment Abbreviations Chapter 1. Introduction 2. Legislative Framework 3. Setting-up an SEZ 4. Setting-up a Unit 5. Operations within an SEZ 6. Statistics 7. SEZs Around the World 8. Lessons Learnt from the SEZ Policy Appendix 1 Appendix 2 Appendix 3 Appendix 4 Appendix 5 Index ............................................................................................................................. Author Details Arjya B Majumdar, BA/BSc LLB (Hons) from NUJS, Kolkata, is an associate at FoxMandal Little, New Delhi Corporate Office. Arjya has been involved in a number of high-end mergers, acquisitions and entry strategies relating to cross border investment, particularly in Special Economic Zones. He has advised clients on real estate, corporate finance and structuring and tax liabilities thereof. During his time at FoxMandal Little, he was deputed on a secondment for six months to the FoxMandal Little London Corporate Office to advise clients based in the United Kingdom and Europe, on Indian law. Prior to his association with FoxMandal Little, Arjya Majumdar worked at Economic Laws Practice, Mumbai, wherein he counselled clients on setting up of Special Economic Zones in India including large Indian MNCs. Arjya has also published a number of articles on various topics of law such as Corporate Personality, Cross Border Insolvency, BPO taxation and Winding-up of Companies. He has also been a distinguished speaker at the "WTO Summit 2007" organised by the Amity International Business School. ............................................................................................................................. |