Special Economic Zone Act, 2005

Section - 10 - Suspension of letter of approval and transfer of Special Economic Zone in certain cases

Suspension of letter of approval and transfer of Special Economic Zone in certain cases.

10. (1) If, at any time, the Board is of the opinion that a Developer-

(a)	-	is unable to discharge the functions or perform the duties imposed on him by or under the provisions of this Act or rules made thereunder; or
(b)	-	has persistently defaulted in complying with any direction given by the Board under this Act; or
(c)	-	has violated the terms and conditions of the letter of approval; or
(d)	-	whose financial position is such that he is unable to fully and efficiently discharge the duties and obligations imposed on him by the letter of approval, and

the circumstances exist which render it necessary for it in public interest so to do, the Board may, on application, or with the consent of the Developer, or otherwise, .... To read the full section download the app from Google Play store