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t a .flqIrlr:ElR{nlid EaqffIuN&.ii?rrr{n@{fffaa natu 0..rr.rore dl alc{i {aftdtdE .& or+fn I rftqrun rrw * Rrd ffi Eetc srfita eil * diiq * sEfrfr sRfr fi fraie'os.oz.zots +i sq11g4 12:30 TS rdfifr da, crnsftfi area, ;itrr$ fralc sfil-fi qt", dqsl lrrr r*r) Jl sYo qao *" furfi, fuars snTa *t srtmrar d srdfrd co, ft ar{g I The following members of Approval Committee were present during the meeting:-

1. Shri S.S. Shukla, Jt. Development Commissioner, NSEZ
2. Md. Hadees Ali, Asstt. Commissioner, Customs, Delhi
3. Shri Aman Singh Lohan, Asstt. DGFT, New Delhi.
4. Shri Digvijay Slngh, Asstt, Director, Deptt. of lndustries, Faridabad

Commissioner, NSEZ 2. Md. Hadees Ali, Asstt. Commissioner, Customs, Delhi 3. Shri Aman Singh Lohan, Asstt. DGFT, New Delhi. 4. Shri Digvijay Slngh, Asstt, Director, Deptt. of lndustries, Faridabad 5. Representatives of SEZ Developers / Co-developers, Special lnvitee. D Besides, during the meeting i) Shri Rajesh Kumar, DDC, ii) Shri S.C. Gangar, Specified Officer, iii) Shri Harvinder Bawa, Specified Officer, iv) Shri Prakash Chand Upadhyay, ADC & v) Shri Mohan Veer Ruhella, ADC were also present to assist the Approval Committee.

At the outset, the Chairman welcomed the participants. After brief introduction, each items included in the agenda were taken up for deliberation one by one. After detailed deliberations amongst the members of the Approval Committee as well as interaction with the applicants i representatives of the developers / units, the following decisions were taken:- 1. frdi* 07.06.201 9 6f snfBd $Tf,iqa "aA 5 *co f,r rrf1a ar rErmna :- The Approval Committee was informed that no reference against the decisions of the Approval Committee held on 07.06.2019 was received from any of the members of the Approval Committee or Trade and therefore, Minutes of the Meeting held on 07.06.2019 were ratified. rf-Ftanraai, *. *qdr(Is, qt-fi src fro 6,I o Ss w' glf{{ fu& id-etr frfrts + t€{ 24 sd zsA, *wsw frT-3, zJrrrn Gfarur) trra srf€l I 3lrid$qr Etc anfffo Ei{ * fiftfd riqlild t frl'srrJn l(frqfltfrirrrmrirl 2.1. lt was brought to the notice of Approval Committee that M/s. DLF Assets Pvt.

A, *wsw frT-3, zJrrrn Gfarur) trra srf€l I 3lrid$qr Etc anfffo Ei{ * fiftfd riqlild t frl'srrJn l(frqfltfrirrrmrirl 2.1. lt was brought to the notice of Approval Committee that M/s. DLF Assets Pvt. Ltd., Co- developer had submitted proposal for approval of list of materials to carry on following authorized operation in the lTilTES SEZ of M/s. DLF Cyber City Developer Ltd., Gurugram (Haryana):- S. No. Name of Authorized Operations Sl. No at default list of authorized operations as per lnst. No.50 and 54 Estimated Cost (Rs. in lakhs) (D Fire protection system with sprinklers, fire and smoke detector. 07 14.68 /knl., '.f U Page 1 of 12

rkMr.nrft6dsrsECq rfiudlb {nltr{iE {fffi a kltr 05rr.r0rr ulaqst rrdfrn ld 6t urtYE I O ,.r. Mr. Anil Nauriyal, G.M. & Mr. Pitambar Sharma, Manager appeared before the Approval Committee on behalf of the co-developer and explained the requirement of proposed materials. After due deliberations, Approval Committee gpplqvggl the list of materials. r6-ffii, *o &qEqE' crr tir sfr+d frfrts at *. divdss' frfteJ t. {rn frfr}C<r, ,J5rre (fialqrD Fra iltA / s(Atw Ftr rlffo, t{ f stfufd fqra *, frq rrrfi f,r qfrirEetcarrrsr{ t 3.1. lt was brought to the notice of Approval Committee that M/s. DLF Power & Services Ltd., Co- developer had submitted proposal for approval of list of materials to carry on following authorized operation in the IT/ITES SEZ of M/s. DLF Ltd., Village Silokhera, Sector-3O, Gurugram (Haryana):- 3.2. Mr. Anil Nauriyal, G.M. & Mr.

for approval of list of materials to carry on following authorized operation in the IT/ITES SEZ of M/s. DLF Ltd., Village Silokhera, Sector-3O, Gurugram (Haryana):- 3.2. Mr. Anil Nauriyal, G.M. & Mr. Pitambar Sharma, Manager appeared before the Approval Committee on behalf of the co-developer and explained the requirement of proposed materials. 3.3. After due deliberations, Approval Committee aporoved the list of materials. 4. licrroal, . qqfiqq, fmmr qsfc qlo fro ist rrrl rEIEI q{rfi, frar-zgrare gfqpO Fra s(A I flr{frtqs frlc arf,to tf, * iltuft *srffi *, frs vrrfr *l qS *' qatra o,t r<rl rrafi t 6.1 . lt was brought to the notice of Approval committee that M/s. ASF lnsignia sEz P^. Ltd., Developer of IT/ITES SEZ at Village- Gwal Pahari, Distt- Gurgaon (Haryana) had submitted proposal for approval of list of materials to carry on following default / a pproved authorized operations in their SEZ:- S. No. Name of Authorized Operation S. No. at default list of Auth. Opr. Estimated Cost (Rupees in 2.3. 3. S. No- Name of Authorized Operations Sl, No at default list of authorized operations as per lnst. No.50 and 54 Estimated Cost (Rs.

No. at default list of Auth. Opr. Estimated Cost (Rupees in 2.3. 3. S. No- Name of Authorized Operations Sl, No at default list of authorized operations as per lnst. No.50 and 54 Estimated Cost (Rs. in lakhs) (i) Engineering, Maintenance including Electrical and Mechanical Works, Heating, Ventilation & Air Conditioning (HVAC) System, Fire Detection and Alarm Systems, Water Supply, Storm, Drainage and Sewage Disposal, Building upkeep Services including Maintenance of Lift Lobby, Conference Hall, Parking Area, Utilities area, Garbage & scrap disposal, Horticulture, Pest Control, Fagade Cleaning Services. As per authorized operations approved by BoA 20.97 {7 Page2 of 12

lhMrEaFl'nEFom!JlE dti&aqnaxEPld Entr6,,rrt ddcr, {d&dt-.aq{fd I o as per lnst. No. 50 &54 lakhs) (0 Construction of all type of buildings in processing area as approved by the UAC 22 0.57 (ii) Solid and liquid waste collection, treatment and disposal plants including pipelines & other necessary infrastructure for sewage and garbage disposal, sewage treatment plants. 03 0.39 (iii). Electrical, Gas and Petroleum Natural Gas Distribution Network including necessary sub- stations of appropriate capacity, pipeline network etc. 04 10.60 (iv) Water treatment plant, water supply lines (dedicated lines up to source), sewage lines, storm water drains and water channels of appropriate capacity. 02 0.86 Total: 12.42 4.2. Mr.

etc. 04 10.60 (iv) Water treatment plant, water supply lines (dedicated lines up to source), sewage lines, storm water drains and water channels of appropriate capacity. 02 0.86 Total: 12.42 4.2. Mr. Ashok Singh, AGM appeared before the Approval Committee on behalf of the developer and explained the requirement of proposed items. After due deliberations, Approval Committee aooroved the proposed list of materials. *. r(dtffi iffi'crTlz frfrfc, fi6m6ai 6T rrrr eqF, zJr,Ir{ Fftqlqo *Frr fffir rrltfi , iltrdt, srlsa{w fil}l ilff l-{, qt{ * sfrfa dqrf,a + frq wrfr *i qS t 3r$nri il rtrs I 5.1 . lt was brought to the notice of Approval Committee that M/s. ITPG Developers Private Limited, Developer of Electronics Hardware & IT/ITES SEZ at Village Behrampur, Distt- Gurugram (Haryana) had submitted proposal for approval of list of materials to carry on following default authorized operations in their SEZ:- 4.3. S. No. Name of Authorized Operation S. No. at default list of Auth. Opr. as per lnst. No.

sal for approval of list of materials to carry on following default authorized operations in their SEZ:- 4.3. S. No. Name of Authorized Operation S. No. at default list of Auth. Opr. as per lnst. No. 50 & 54 Estimated Cost (Rupees in lakhs) (t) Construction of all type of buildings in processing arca as approved by the Unit Approval Committee. 22 168.03 (ii) Landscaping and water bodies 08 9.17 (iii) Security offices, police posts, etc, at entry, exit and other points within and along the periphery of the site. 11 126.12 (iv) Fire protection system with sprinklers, fire and smoke detectors. 07 't49.57 (v) Air Conditioning of Processing area. 21 723.30 (vi) Water treatment plant, water supply lines (dedicated lines up to source), sewage lines, storm water drains and water channels of 02 54.05 1 Page 3 of 12

.F{MrE l tunftdmd tudlGrtldrqntrr noft6l AalEo!.u,r'r d a)cr r rrr\iirt@ ta ErdF I o 5.2. Mr. Vikas Kathpalia, AVP-Finance & Mr. Rishi Pawah, AVP-PS appeared before the Approval Committee on behalf of the developer and explained the requirement of proposed items. On being asked by the Approval Committee on requirement of 500 Nos. Battery proposed at Sl. No. 99 of under authorized operation namely 'Electrical, Gas and Petroleum Natural Gas Distribution Network including necessary sub-stations of appropriate capacity, pipeline network etc.(Annexure- G)', the representatives of the developer informed that 'Batteries' are required for various types of lnverters for power backup. 5.3. After due deliberations, Approval Committee approved the proposed list of materials.

ives of the developer informed that 'Batteries' are required for various types of lnverters for power backup. 5.3. After due deliberations, Approval Committee approved the proposed list of materials. The Approval Committee directed the representatives of the developer to submit written clarification on requirement of 500 Nos. Battery. e. ftrrsrat, *. t E zjrafu ea ffiA rfSS sro fro fi rrr Qr-t, ter- +4, ?grzrrq GftcIqD { Fra rrt& I s(fi icr fr rl i ilff l-6 f,d * sftfd riiliri i, fr s srffr trr {fr i rgrtca rr vwr t 6.1 . lt was brought to the notice of Approval Committee that M/s. Candor Gurgaon One Realty Projects Pvt. Ltd., Developer of IT/ITES SEZ at Village Tikri, Sector-48, Gurugram (Haryana) had submitted proposal for approval of list of materials to carry on following default authorized operations in their SEZ:- 6.2. Mr. Amrik Singh, AGM-SEZ Compliance appeared before the Approval Committee on behalf of the developer and explained the requirement of proposed materials. appropriate capacity. (vii) Electrical, Gas and Petroleum Natural Gas Distribution Network including necessary sub- stations of appropriate capacity, pipeline network etc. 04 536.19 (viii) Solid and liquid waste collection, treatment and disposal plants including pipelines & other necessary infrastructure for sewage and garbage disposal, sewage treatment plants. 03 38.90 (ix) Telecom and other communication facilities including internet connectivity. 05 58.94 (x) Parking including Multi-Level Car Parking (automated / manual) 18 7.60 Total: 't871.87 S. No. Name of Authorized Operation S. No.

ommunication facilities including internet connectivity. 05 58.94 (x) Parking including Multi-Level Car Parking (automated / manual) 18 7.60 Total: 't871.87 S. No. Name of Authorized Operation S. No. at default list of Auth. Opr. as per lnst. No. 50 & 54 Estimated Cost (Rupees in lakhs) (i) Access control and monitorinq svstem 24 161.00 (ii) Air Conditionino of orocessino area. 21 15.00 Total: 176.00 Page 4 of l2

.F.Ior rE, n{nffifaq tttu dlt lilu I qra xfiftdt kluo!.o7rrr dncrl rr.]fqra@ ta Erqnl ' 6.3. Afler due deliberations, Approval Committee aporoved the proposed list of materials. 7. T[-tu6m6dt, . ifir5rafaqiMd'sil@sr. fto r,I]c tgaiaisH{mmtstTraFfi{r, tfifi -21, ,3u{rn Gftqrq4 Frd srt& / rrf€lrtqs fae}r Jrfffr dr d 3lfufa dsrfia * frs qrF.ft f,r gfirgetcaorrsn r 7,1 , lt was brought to the notice of Approval Committee that M/s. Candor Gurgaon Two Developers & Projects Pvt. Ltd,, Co-developer had submitted proposal for approval of list of materials to carry on following authorized operation in the IT/ITES SEZ of M/s. Gurgaon lnfospace Ltd. at Village Dundahera, Sector-21, Gurugram (Haryana):- 7.2. Mr. Amrik Singh, AGM-SEZ Compliance appeared before the Approval Committee on behalf of the developer and explained the requirement of proposed materials.

dahera, Sector-21, Gurugram (Haryana):- 7.2. Mr. Amrik Singh, AGM-SEZ Compliance appeared before the Approval Committee on behalf of the developer and explained the requirement of proposed materials. On being asked by the Approval Committee, the representative of the Co-developer informed that proposed Umbrella is 'Garden Umbrella', which will be fixed and required for open area of Cafeteria in SEZ. After due deliberations, Approval Committee approved the list of materials, *" qgrld qaftRm dr sfttro crTiE fratr 6r *. idrr Friir ea ffrre0 cl@ mo fro i' zrrr frFt, ta<- 48, ilr,rrn Gtqrqrl fFra fite r srf&iqr filr srfffr f,{ d rqfta for$ n vra # i;vfr elqt ffiizr lH ari Ralro, * T(f,iir 6r rttEr I 8.'1. lt was brought to the notice of the Approval Committee that M/s AIG Analytics & Services Pvt. Ltd. has submitted intimation for proposed changes in shareholding pattern and directors of the company in respect of the unit located in the IT/ITES SEZ of M/s Candor Gurgaon One Realty Projects Pvt. Ltd. at Vill: Tikri, Sector-48, Gurugram (Haryana). lt was informed that the unit has intimated that'AlG Data Services Pvt. Ltd.', a group entity, has amalgamated with M/s AIG Analytics & Services Pvt. Ltd. vide NCLT's order dt.1 9.1 I .2018. lt was informed that pursuant to the said Amalgamation, the entire business and undertaking of AIG Data Services Pvt. Ltd. has been transfened to AIG Analytics & Services Pvt. Ltd. /.J. 8. S. No. Name of Authorized Operation S. No. at default list of Auth. Opr. as per lnst. No.

undertaking of AIG Data Services Pvt. Ltd. has been transfened to AIG Analytics & Services Pvt. Ltd. /.J. 8. S. No. Name of Authorized Operation S. No. at default list of Auth. Opr. as per lnst. No. 50 & 54 Estimated cost (Rupees in lakhs) (i) Access control and monitoring system 24 192.20 (ii) Air Conditioning of processing area. 21 33.22 (iii) Cafeteria / Canteen for staff in processing area. 27 '163.20 (iv) Landscaping and water bodies 08 12.00 Total: 400.62 Page 5 of 12

lhlln rEiErdf6roftC!rltr6d,ld{az I qna xfift.B Aahr olr,rrr d arcr, trAtura@ 6ld{Fl a 8.2. lt was informed that the unit has submitted details of changes in shareholding pattern before & after amalgamation, duly certified by CA, as given below: Name of Shareholder Shareholding pattern prior to amalgamation Shareholding pattern post amalgamation No of shares % share No of shares % share AIG PC Global lnc. USA 42520947 99.99% 42520947 57 .19o/o AIG MEA lnvestment and Services LLC, USA 1 0.O1o/o 318215 O.430/o AIG Technologies lnc 31513314 42.38% Total: 42520948 100% 74352476 1O0o/o 8.3. Further, it was informed that CA has mentioned that post amalgamation, AIG Technologies lnc. transferred its entire shareholding i.e.3'1513314 shares (42.38 %) to AIG PC Global lnc. USA, the existing shareholder with 57.19% shareholding. Therefore, revised shareholding paftern, post transfer of shares held by AIG Technologies lnc. !9 AIG PC Global lnc. USA, as on 05.06.2019, is as under:- Name of Shareholder Shareholding pattern post transfer of entire shares held by AIG Technologies lnc. to AIG PC Global lnc.

echnologies lnc. !9 AIG PC Global lnc. USA, as on 05.06.2019, is as under:- Name of Shareholder Shareholding pattern post transfer of entire shares held by AIG Technologies lnc. to AIG PC Global lnc. USA. No of shares % share AIG PC Global lnc. USA. 7403/'261 99.570 AIG MEA lnvestment and Services LLC, USA. 318215 O.43o/o Total: 74352476 lOOo/o 8.4. Further, it was informed that on perusal of the NCLT's order dt.19.1 1 .2018, it has been observed that the Scheme of Amalgamation and Arrangement between M/s AIG Data Services Pvt. Ltd. & M/s AIG Analytics & Services P\d. Ltd. has been provisionally approved, subjeci to compliance of various undertakings as mentioned in the scheme and to follodcomply various observations made by the Statutory Authorities as detailed in the scheme. 8.5. lt was further informed that the unit has also submitted information regarding change in Directors of the Company as given below:- Previous directors Present directors (i) Mr. Alaxander John Pandalavilakam (ii) Mr. Munish Sharma (iii) Mr. Simon Charles Geoffery Mennell (iv) Mr. Sean Francis Coyle (v) Mr. David Bennett Harpin (i) Mr. Alaxander John Pandalavilakam (ii) Mr. Munish Sharma (iii) Mr. David Bennett Harpin It was informed that the unit needs to submit copy of Form DIR-11/12 in rto cessation of Mr. Sean Francis Coyle & Mr. Simon Charles Geoffery Mennell. (Lq _ ( Page 6 of 12

i) Mr. David Bennett Harpin It was informed that the unit needs to submit copy of Form DIR-11/12 in rto cessation of Mr. Sean Francis Coyle & Mr. Simon Charles Geoffery Mennell. (Lq _ ( Page 6 of 12

!turw ra I Rrd 6rit EilE rn!u, dile riau, r{*a xffffr 6l Eltuo!.r,.I0D dd)q{arrifn rtula ur{fn I ' 8,6. lt was further informed that vide lnstruction No. 89 dated 17.05.2018 DOC has issued guidelines regarding change in shareholding pattern, name change of SEZ Developers and SEZ Unit. As per Para 5(ii) of said guidelines "Re-organisation including change of name, change of shareholding pattem, business transfer anangements, couri approved mergers and demergers, change of constitution of unit located in SEZs may be undeftaken with the prior approval of Approval Committee in respect of units subject to the condition that the unit shall not opt out or exit out of the Special Economic Zone and continues to operate as a going concern. Ail liabilities of the unit will remain unchanged on such reorganization". 8.7. Further, as per Para 6 of said guidelines, such reorganization shall be subject to the following safeguards:- 0 Seam/ess continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity. (ii) Fulfillment of all eligibility criteria applicable, including secuity clearances etc., by the altered entity and its constituents; (iii) Applicability of and compliance with all Revenue / Company Affairs / SEBI etc.

ll eligibility criteria applicable, including secuity clearances etc., by the altered entity and its constituents; (iii) Applicability of and compliance with all Revenue / Company Affairs / SEBI etc. AcvRules which regulate lssues /rke capital gains, equity change, transfer, taxability etc. (iv) Full financial details relating to change in equity / merger, demerger, amalgamation or transfer of ownership etc. shall be fumished immediately to Member (lT), CBDT, Depaftment of Revenue and to the jurisdictional Authoity. (v) Ihe Assesslng Officer shall have the right [o assess the taxability of gain / loss arising out the transfer of equity or merger, demerger, amalgamation, transfer and ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the lncome Tax Act, 1961. (vi) The applicant shall comply with relevant State Govemment laws, including those relating to lease of land, as applicable- (vii) The unit shall turnish details of PAN and juisdictionalassessing officer of the unit to CBDT. 8.8. Further, it was informed that vide lnstruction No. 90 dated 03.08.2018, DOC has further clarified that the phrase 'prior approval of Board of Approval (BoA) / Unit Approval Committee (UAC)' in para 5(i) & (ii) of the said guidelines in respect of Developer i SEZ unit means that approval of BoA/UAC, as the case may be, taken before the SEZ entity / unit is recognized by the new name or such arrangement in all the records.

delines in respect of Developer i SEZ unit means that approval of BoA/UAC, as the case may be, taken before the SEZ entity / unit is recognized by the new name or such arrangement in all the records. lt may not be interpreted that prior approval of BofuUAC is to be taken before approaching the Registrar of Companies or the National Company Law Tribunal as is being done in some cases came to the notice of the DOC. 8.9. Mr. Rohit Karnani, Sr. Manager, Mr Aadesh Anchalia, Manager & Mr. Azad Singh' Manager behalf of the unit and explained the proposal. The appeared before the Approval Committee on @ PageT of12

.frdonrE I Ea?rRdfrCqr'ftrd6flalqna nfifr 6 talEr.r,fir d.nrr a rrdtur tE ta or{ftr I a representatives of the unit informed that all compliancqin respect of NCLT's order dated 19.11.2018 have been completed. They further informed that above changes in shareholdings is within the group company. 8.10. After due deliberations, the Approval Committee aporoved the proposal for proposed changes in the shareholding pattern of the company, in terms of lnstruction No. 89 dated 17.05.201 8 & subsequent clarification issued by DOC vide lnstruction No. 90 dated 03.08.2018, subject to compliance with safeguards prescribed in lnstruction No. 89 dated 17.05.2018. Approval Committee also took note of the changes in directors of the company subject to submission of required documents. 9. o roirrffiotmlaililcfrfrtc6ro qlvqv.?Fgfrrfl qrttgelc frc tzrrrcrfr qrrfi, Bf,I- zJrrrrfi Gtcrq0 Frd g(A t arf€lieq fuell rIFi6. f,d * rlrlfri frlt *, f{ f, rd or r<re I 9.1.

required documents. 9. o roirrffiotmlaililcfrfrtc6ro qlvqv.?Fgfrrfl qrttgelc frc tzrrrcrfr qrrfi, Bf,I- zJrrrrfi Gtcrq0 Frd g(A t arf€lieq fuell rIFi6. f,d * rlrlfri frlt *, f{ f, rd or r<re I 9.1. lt was brought to the notice of the Approval Committee that M/s Globallogic Techonologies Ltd., a unit in the IT/ITES SEZ of M/s ASF lnsignia SEZ Pvt. Ltd. at Vill: Gwal Pahari, Gurugram (Haryana) has submitted proposal for surrender of "lncubation Space" admeasuring 11688 Sqft. at Ground Floor, Tower-E, Grand Canyon Building (Building No. 83) of SEZ. lt was informed that the said incubation space had been granted to the unit on temporary basis till permanent space is ready for operations. lt was informed that the unit vide its letter d1.24.04.2019 has intimated that they had worked from the said lncubation space for initial few days till 31.03.2017 and thereafter they had surrendered the same to the developer. lt was informed that unit has submitted 'NOC' dt. 24.04.2019 issued by the SEZ Developer. lt was also informed that unit vide its email dated 08.05.2019 has also submiiled 'NOC' from Specified Officer for surrender of lncubation Space, 9.2. Mr. Anshul A Srivastava, Sr. Manager appeared before the Approval Committee on behalf of the unit and explained the proposal. 9.3. After due deliberations, the Approval Committee aooroved the proposal. 10. . qffdu ffiinqGfFfrfil Ro rro *fizjmiaeanre€tift{.Gcr. fro t qrq: Alrt, trcr- 48, zJrzflr trr-a srfal3I4etqg fuatc fiff1'6 tf{ # trlfud !FFIf t' ttd ri 6ri 6'I str{ I 10.1 .

roved the proposal. 10. . qffdu ffiinqGfFfrfil Ro rro *fizjmiaeanre€tift{.Gcr. fro t qrq: Alrt, trcr- 48, zJrzflr trr-a srfal3I4etqg fuatc fiff1'6 tf{ # trlfud !FFIf t' ttd ri 6ri 6'I str{ I 10.1 . lt was brought to the notice of the Approval Committee that M/s Aricent Technologies (Holding) Ltd. (Unit-l) had submitted proposal for partial deletion of area of the unit located in the IT/ITES SEZ of M/s Candor Gurgaon One Realty Projects Pvt. Ltd. at Village Tikri, Sector-48, Gurugram (Haryana). lt was informed to the Committee that presently the unit has been operating over an area of 560542 Sqft. at Ground to 13h floor, Building No.5, Ground to 12th floor, Building No.4 and Ground to 3d floor Building No.6 of SEZ. lt was informed that the unit has requested for Page I of 12

.kro, ni. , F.it ErS Eelr ntrd dl t dit r qn6 xfftlr 6l hEo..tr.xl, dl dlqr, rrAturaE !audfrl a deletion ol 27264 Sqft. at 'l2th floor, Building No.4 of SEZ. lt was informed that SEZ Developer has given its 'NOC'for deletion of proposed area. lt was also informed that no information about impact on Export / NFE proiection consequent to deletion of premises has been given. 10.2. Further, it was informed that the unit had been penalized by the Approval Committee held on 04.05.2018 with ar amount of Rs.2 lakhs, in terms of section 11 (4) of FT (D&R) Act, 1992, on account of services rendered in DTA against INR during year 2015-16 and 2016-17.|t was informed that the unit has further shown DTA Sale to the tune of Rs.4494.86 lakhs in the APR for the year 2017-18. 10.3. Mr.

ervices rendered in DTA against INR during year 2015-16 and 2016-17.|t was informed that the unit has further shown DTA Sale to the tune of Rs.4494.86 lakhs in the APR for the year 2017-18. 10.3. Mr. Vijayanth Vohra, AVP-Finance & Mr. C.P.S. Bisht, Sr. Manager appeared before the Approval Committee on behalf of the unit and explained the proposal. The representatives of the unit informed to the Approval Committee that payment against the services rendered in DTA during the year 2017-18 have been realized in free foreign exchange. 't0.4. After due deliberations, the Approval Committee approved the proposal for partial deletion of area subjecl to submission of 'NOC' from Specified Officer. The Approval Committed directed the representative of the unit to submit written clarification in respect of services rendered by the unit in DTA during the year 2017-18. 1 1. v6-fu+rrrat, io $qfiss qt.F cro fro 6,I *o fqEq5, Trfr{ fr& |tfiq{t frfrat t tE{ 24 vd 2sA, *q6rau, tT-3, Turrs Gfuarur4 Frd xrtdl / i(friqs fu)T sfift, f{ * cfrTd riutri *. frq srr.fr trrq-StqetfriF'rnrErl 11 .1 . lt was brought to the notice of Approval Committee that M/s. DLF Assets Pvt. Ltd., Co- developer had submitted proposal for approval of list of materials to carry on following authorized operation in the IT/ITES SEZ of M/s. DLF Cyber City Developer Ltd., Gurugram (Haryana):- 11.2. Mt. Anil Nauriyal, G.M. & Mr. Pitambar Sharma, Manager appeared before the Approval Committee on behalf of the co-developer and explained the requirement of proposed materials. 11.3.

Haryana):- 11.2. Mt. Anil Nauriyal, G.M. & Mr. Pitambar Sharma, Manager appeared before the Approval Committee on behalf of the co-developer and explained the requirement of proposed materials. 11.3. After due deliberations, Approval Committee gppgqygglthe list of materials. S. No. Name of Authorized Operations Sl. No at default list of authorized operations as per lnst. No.50 and 54 Estimated Cost (Rs. in lakhs) (i) Construction of all types of building in Processino area as aDproved bv UAC. 22 22.50 Page 9 of 12

!fr{on rrd , FIiTGTS EC! rItu dil t saa a rEia rfrfi .a kEor,,lort davrl rri,turt5 .aErrF I 12. Tf-fufirroat, o raru trfrEs cr" fr" rT o fqfiqr frfit 'qrr ffirr, S€t 30, Tqqr{ trftqprt Fm gr{6 I s(fr iqfi Ettr rrff tr, f{ d sfufa dqrna + frq rrrfi fi q-A + rgr}ca rt sFr.Il 12.1. lt was brought to the notice of Approval Committee that M/s. DLF Assets Pvt. Ltd., Co- developer had submitted proposal for approval of list of materials to carry on following authorized operation in the IT/ITES SEZ of M/s. DLF Ltd. at Village Silokhera, Gurugram (Haryana):- 12.2. Mr. Anil Nauriyal, G.M. & Mr. Pitambar Sharma, Manager appeared before the Approval Committee on behalf of the co-developer and explained the requirement of proposed materials. 12.3. After due deliberations, Approval Committee qppyggl the list of materials. 13. .3lrtqsiBcrfrfrtslqrrfalorjt wttu'gffirqrargfrIIIofr.tzrq-rqracurt,Erf,r- Ttln r Gtarur9 Frd 3rfe/g(fiiqs Ealr rrffl-n f{ + Fnfrd fr,rt t Fdq sefi itrt cqgtf t FTc-fto,IrgrEt 13.1.

aterials. 13. .3lrtqsiBcrfrfrtslqrrfalorjt wttu'gffirqrargfrIIIofr.tzrq-rqracurt,Erf,r- Ttln r Gtarur9 Frd 3rfe/g(fiiqs Ealr rrffl-n f{ + Fnfrd fr,rt t Fdq sefi itrt cqgtf t F*Tc-fto,IrgrEt 13.1. lt was brought to the notice of the Approval Committee that M/s. IBM lndia Ltd. (Unit-l) had submitted proposal for enhancement in the value of indigenous capital goods from Rs. 446.25 lakhs to Rs. 2441 lakhs, in respect of its unit located in the IT/ITES SEZ of M/s. Candor Gurgaon One Realty Projects Pvt. Ltd. at Village-Tikri, Sector48, Gurugram (Haryana). lt was informed that the unit has mentioned that there will not be any changes in approved projections of Export / NFE & lmported Capital goods. 13.2. Mr. Stanly Sebastian, Manager & Mr. Manoj Pandey, Executive appeared before the Approval Committee on behalf of the unit. The representatives of the unit informed that earlier they had planned to importaftomputers, but now they are planning to procure computers from domestic market instead of import, thus they have filed application for enhancement in the value of indigenous capital goods. 13.3. The Approval Committee observed that since the unit has planned to procure capital goods from domestic market instead of import, hence unit needs to submit decreased value imported capital goods and revised NFE projections. S. No. Name of Authorized Operations Sl. No at default list of authorized operations as per lnst. No.50 and 54 Estimated Cost (Rs. in lakhs) (i) Construction of all types of building in Processinq area as aDoroved bv UAC. 22 35.30 ? Page 10 of 12

efault list of authorized operations as per lnst. No.50 and 54 Estimated Cost (Rs. in lakhs) (i) Construction of all types of building in Processinq area as aDoroved bv UAC. 22 35.30 ? Page 10 of 12

a .n{'!Tr tEmhldm! rfllttdt $trirEna xEtta Edro orrrrort dlAc{, rr.r&t k As{,{n I 13.4. After due deliberations, the Approval Committee decided to defer the proposal and directed the representative of the unit to submit complete proposal in the prescribed format indicating existing and revised value of imported & indigenous capital goods and changes in NFE projections. The Approval Committee further directed that on receipt of complete proposal from the unit the proposal may be placed before the neli Approval Committee meeting. iS. *o *gnT qdf6q-ar iEfi cr{ic frfrtc 6r " ,lqfisr frfttr t znr ffi<r, zjrarr Gftqlufl) Frd rrt& / u(Afw tuelr rrftto tid # FqItufr rr,It + f,{ Eearq an rsrct 15. 1 . lt was brought to the notice of the Approval Committee that M/s. ZS Associates lndia Pvt. Ltd. had applied for expansion of area and revision in projections of the unit located in the IT/ITES SEZ of M/s. DLF Ltd. at Silokhera, Sector-3O, Gurugram (Haryana). lt was informed that the unit is presently operating over an area of 24796'l Sqft. on 1"r floor & 3'd to 11th floor, Block A4 and srh & 6rh floor, Block 43 in SEZ. lt was informed that the unit has requested for addition of 5779 Sqft. at 3d floor, Block-A2 of SEZ. lt was further informed that unit has submitted copy of provisional offer of space in respect of proposed area issued by M/s. DLF Assets Pvt.

for addition of 5779 Sqft. at 3d floor, Block-A2 of SEZ. lt was further informed that unit has submitted copy of provisional offer of space in respect of proposed area issued by M/s. DLF Assets Pvt. Ltd., Co-developer vide letters dated 27.06.2019. 15.2. lt was informed that the unit has mentioned that the proposed additional area will be used as "Cafeteria, Gym and recreation room" where water dispensers, tea i coffee machines, cafeteria furniture, cafeteria chairs, LED TVs, Gym equipment, sport equipment and food counters will be setup / installed for its employees. 1 5.3. Further, it was informed that as per lnstruction No. 95 dated I 1 .06.2019 issued by DOC, "the SEZ unit can setup cafeteia, criche, gymnasium and similar facilities in ifs premlses for its excusive use in tems of proviso to Rule 11(5), subject to obtaining a NOC from the Developer as wel/ as necessary NOCs / clearances / approvals from the relevant statutory authorities. The unit shall not be eligible for any exemption, drawback, concesslons or any other benefits available under Section 7 of Section 26 of SEZ Act, for creating or operating such facilities". 15.4. lt was further informed that the unit vide its letter dated 13.05.2019 had submitted breakup details of DTA sales of Rs.764 lakhs during the year 2014-15 to 2015-'16, as given below - Year Total DTA Sales (lNR Lakhs) Services rendered in DTA against payments in INR Services rendered in DTA and payment realized in free foreign exchange 2014-15 484.00 484.00 2015-'t6 280.00 280.00 2016-17 2017-18 Page ll of12

khs) Services rendered in DTA against payments in INR Services rendered in DTA and payment realized in free foreign exchange 2014-15 484.00 484.00 2015-'t6 280.00 280.00 2016-17 2017-18 Page ll of12

a Iffiqrr@iR.nrEtdmsrlntoNd$iutr{ft, l{fifi 6 naiu.6.-10r o) d)c4a rnErdtdd 6l ur{Tt I Totall 764.00 764.OO '15.5. The Approval Committee clarified that as per Section 2(z)(iii) of SEZ Act, 2005, "Services means such tradable services which earn foreign exchange" and SEZ unit is required to comply with the definition of "services" given in Section 2(z) of SEZ Act, 2005, Hence, the services rendered in Domestic Tariff Area by the unit are not as per the provisions of SEZ Act as the unit has rendered services in Domestic Tariff Area amounting to Rs.764 lakhs against payment in INR instead of free foreign exchange. 15.6. Mr. Rajesh Mendiratta, Manager appeared before the Approval Committee on behalf of the unit and explained the proposal for expansion of area. However, represehtative of the unit shown his inability to give details of services rendered by the unit in DTA. 15.7. After due deliberations, the Approval Committee approved the proposed expansion of area. The Approval Committee further directed to obtain written clarification from the unit for the services rendered by the unit in DTA against payment in INR instead of free foreign exchange and place the same before the next Approval Committee meeting.

written clarification from the unit for the services rendered by the unit in DTA against payment in INR instead of free foreign exchange and place the same before the next Approval Committee meeting. Further, the Approval Committee directed the representative of the unit that an authorized representative of the unit, who is well versed with such sale of services in DTA, shall appear before the Approval Committee in its next meeting to explain such details to the Committee. Meeting ended with a vote of thanks to the Chair. ,*\hhl1l"PPr &%, (sYo vg" fi. frTdr) Rarssrgra drafuarsgnrrffi a0 Page 12 of 12