Minutes of Approval Committee meeting for Pune-Cluster held on 25 July 2023. — 10-qubix-business-park-pvt-ltd-sez

Minutes of the 125Meeting of the Approval Committee held under the Chairmanship of Zonal Development Commissioner SEEPZ-SEZ, Mumbai for Sector Specific Special Economic Zone for IT/ITES of Qubix Business Park Pvt. Ltd.-SEZ, Pune, held on 25.07.2023. 1 | Name of the SEZ M/s. Qubix Business Park Pvt Ltd SEZ 2 | Sector IT/ITES 3 | Meeting No. 125th 4 | Date 25.07.2023 Members present Sr | Name and Designation Department $/Shri. 1 | Smt. Mital S. Hiremath Pune Cluster-SEZ, Pune Joint Development Commissioner 2 | Smt. Pradnya R. Gholap, Nominee of Income Tax, Pune DCIT(TDS), Pune 3 | Dr. DileerajDabhole, Nominee of DGFT, Pune Dy. DGFT 4 | Smt. Sunita Jagtap, Nominee of Customs, Pune Superintendent aE Invitee हम Name and Designation _ Sane ia Department 1 | Shri Satbir Sharma M/s. Qubix ass Pa PT Park Pvt. Ltd. Specified Officer SEZ Agenda Item No.01: Confirmation of Minutes of the 124meeting held on 27.06.2023 After deliberation, the Committee confirmed the minutes of the 124Approval Committee meeting held on 27.06.2023 Agenda Item No.02: Application for Approval of regularization of Cafeteria in SEZ Unit premises The proposal of the M/s. Persistent Systems Ltd., an IT/ITES Unit located at Qubix Business Park Pvt Ltd.-SEZ, for regularization of Cafeteria in the SEZ as per Instruction No 95 dated 11-06-2019, After deliberation, the committee directed to submit the details of the duties paid against the list of materials used for the setting up of the cafeteria and accordingly the proposal was deferred. Agenda Item No.63: Application for Change in name of the company, Change in shareholding pattern & Change in Board of Directors in terms of Instruction No.109 dated 18.10.2021, issued by MOC&I in respect of Unit I, II and वा Se hed
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After deliberation, the committee approved the proposal of the below mentioned units of M/s LabCorp Scientific Services & Solutions Pvt Ltd. Unit 1: LOA No. SEEPZ/FIPL-SEZ/STPL/10/2011-12 dated 04.03.2011 Unit 2 : LOA No. SEEPZ/NTPL-SEZ/STPL/47 /2015-16 dated 27.01.2016 Unit 3 : LOA No. SEEPZ/NTPL-SEZ/STPL/77 /2018-19 dated 22.01.2019 for Change in name of the company, Change in shareholding pattern & Change in Board of Directors, in terms of Instruction Ne. 95 dated 18.10.2022, as detailed beiow: I Change in name Name of the unit Before Change Name of the Unit after Change M/s LabCorp Scientific Services & M/s. Fortrea Scientific Private Limited. Solutions Pvt Lid. II Change in shareholders name/ pattern: Sr. No Existing Shareholding | Sr. Changed Shareholding Shareholder % age No Shareholder % age Name Name 1 LabCorp 99.99 1 Fortrea 99.99 Asia-Pacific Asia-Pacific Inc. 2 LabCorp 0.01 2 Fortrea 0.01 Drug Development Development India Private India Private Limited Limited (I) Change in Board of Directors proposed for approval Sr. Name of the Director DIN =e = Date of No. Appointment 1. Deepa Surendrakumar Desai 2837780 21.06.2022 2. | Rangarajan Narasimhan 6761850 24.07, 2020 3. David Howard Cooper 10204529 30.06.2023 The approval is subject to the conditions as laid down in Instruction Ne. 109, as applicable, issued by MOC&I a. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity; b. Fulfilment of all eligibility criteria applicable, including security clearances etc. by the altered entity and its constituents; c. Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Act/Rules which regulate issues like capital gains, equity change, transfer, taxability etc. pe (५ a |

Full financial details relating to change in equity/merger, demerger, amalgamation or transfer in ownership etc. shall be furnished immediately to Member (IT&R}, CBDT, Department of Revenue and to the jurisdictional Authority. The assessing officer shall have the right to assess the taxability of the gain/loss arising out of the transfer of equity or merger, demerger, amalgamation, transfer in ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961. The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. The applicant shall furnish details of PAN and jurisdictional assessing office of the unit te CBDT. The applicant shall be recognized by the new name or such arrangement in all the records. Meeting ended with a vote of thanks to the Chair. e ce an ow on me S$ Hiremath} Joint Develo yment Commissioner