Minutes of the Approval Committee meeting of SEEPZ-SEZ held on 27.05.2022

File No.S-SEZ-11/11/2021-SEEPZ-SEZ

MINUTES OF THE MEETING OF THE APPROVAL COMMITTEE FOR SEEPZ SEZ HELD UNDER THE CHAIRMANSHIP OF DEVELOPMENT COMMISSIONER ON 27™May, 2022 THROUGH VIDEO CONFERENCING.

1. Name of the SEZ

2. Meeting No.

: SEEPZ-SEZ 16374

3. Date

27 May, 2022

Members Present:

|Sr.<br>No.|z<br>Name ofMembers|;<br>‘<br>Designation|ters<br>Organization||
|---|---|---|---|---|
||Shr.C..P: S,|t. Development|||
|2||Shri. Dilip K Shah|sie Chepeiaainday<br>Income Tax|INominee ofIncomeTax Office,<br>autilya Bhawan, Bandra,<br>5<br>Mumbai.||
|2 <br>“|Bae<br>(Premchandran Nair|Dy. DGFT<br>|~”’|INominee ofthe DGFT, Mumbai<br>—_—|.|
|3|Smt. Kirti<br>IDeshmukh|Deputy Director<br>Inspector|Nominee ofDirectorate of<br>Industries, Mumbai.||
|4||Shri. KiritGandhi|Keott, Commlissiona:<br>;<br>ustoms|| ominee ofCommissioner of<br>’ (Customs, General, Air Cargo,<br>ahar.||
||Bok Metaiee<br>Deshmukh|Field Officer|INominee ofMPCB, Mumbai.||

Special Invitee:-

1. Shri. Anil Chaudhary, Specified Officer, SEEPZ SEZ

SEZ), Shri. Praveen Kumar, Sr. Authorised Officer/ADC I/c (SEEPZ SEZ & New Joe, Shri. Ranjit Rawool, Sr. Authorised Officer/ADC I/c (New SEZ), Smt. Bridget (New EASEZ)toandDevelopmentSmt. RekhaCommissioner/EstateNair, Assistant also attendedManager,forSmt.assistanceKiran Vankerand smoothADC functioning of the meeting. Agenda Item No. 01:-

Confirmation of the Minutes of the 162™4Meeting held on 24.04.2022

The Minutes of the meeting held on 24.04.2022 were confirmed with consensus.

File No.S-SEZ-11/11/2021-SEEPZ-SEZ

Agenda Item No. 02:- Application received from M/s. Gold Star Jewellery Pvt Ltd. for Broad Banding application of following items :-

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----- Start of picture text -----<br> No.Sr. | Descriptionmanufacturedof the items to be newly Proposed Capacity ClassificatioITC GS) |<br>n |<br>01 |Eyewear, Eyewear Accent, Belt Buckles, Included with the 9003<br>Key Holder & Bag Claps as Jewellery existing approved 8308<br>Articles projection 8301 |<br>----- End of picture text -----<br>

Decision :- After deliberation, the Committee deferred the proposal of the unit and directed Specified Officer to re-examine the issue and frame SOP and its monitoring for such activity and also directed to obtain comments from DGFT.

Agenda Item No. 03:- Application for Change of Company Name from M/s. V M Kreation to M/s. Veera Luxury

M/s. VM Kreation has submitted their application for change of name of the unit from M/s. V M Kreation to M/s.Veera Luxury and submitted all the relevant documents.

Decision : After deliberation, the Committee approved the proposal of the unit for change of name from M/s. V M Kreation to M/s. Veera Luxury in terms of MOC&l Instruction No. 109 dated 18*® October, 2021 and also noted that there is no change in the Shareholding pattern and in the list of the Partners. The details of Shareholding Pattern & list of Directors are as under:

The detailed list of Partners & Profit sharing ratio are as follows :- @ LIST OF PARTNERS :-

	Before Change ofCompanyName	After Change ofCompany Name
	M/s.VM Kreation	M/s. VeeraLuxury
	Name ofthe Partners	Name ofthe Director
	r. Kunal Hareshkumar Doshi	IMr. Kunal Hareshkumar Doshi
2.	(Mrs. Rachana Gautam Parekh	rs. Rachana Gautam Parekh
3.	r.NeelPrashantDoshi	IMr.NeelPrashantDoshi

© DETAILS OF SHAREHOLDING PATTERN BEFORE AND AFTER NAME CHANGE :-

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----- Start of picture text -----<br> Name of the Shareholder Shareholding Pattern before Shareholding<br>Change name Pattern<br>after Change name<br>Mr. KunalHareshkumar 40% 40%<br>Doshi<br>Mrs. RachanaGautam 6 409%<br>Parekh 40% ()<br>----- End of picture text -----<br>

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MrNeciPrashantDoshi__-[____—i20%®SS~SSC~iHd

Further, the Committee also directed the unit to comply with the following safeguards in terms of Instruction no. 109, dated 18.10.2021:-

1. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity.

2. Fulfillment of all eligibility criteria applicable, including security clearances etc, by the altered entity and its constituents.

3. Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Acts/Rules which regulate issues like capital gains, equity change, transfer, taxability etc.

4. Full financial details relating to change in equity/merger, demerger, amalgamation or transfer in ownerships etc. shall be furnished immediately to Member (IT&R), CBDT, Department of Revenue and to the jurisdictional Authority.

5. 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 and ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961.

6. The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable.

7. The applicant shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT.

8. The applicant shall be recognized by the new name or such arrangement in all the records.

Agenda Item No. 04 :-Application for Change of Directors and Shareholding pattern of the Company - M/s. Western Outdoor Interactive Pvt Ltd., Unit-I

The unit has submitted the Application for Change of Directors and shareholding pattern of the Company and the details are as under :-

Details of before Change of Shareholding

pattern of the company:-

Sr	No.	Name ofShareholder	No.	ofEquity Shares	Shareholding%
	1	Global Eagle Holdings GmbH		22972	17.02%
	2	GEE Foreign Holding LLC		112,000	82.98%
	3	Mr. Vishal Chhabria			0.01%
		Total		134,973	100%

File No.S-SEZ-11/11/2021-SEEPZ-SEZ

Detailsof after Change of Shareholding pattern of the company:-

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----- Start of picture text -----<br> \Sr No. Name of Shareholder No. of Equity Shares Shareholding %<br>1 Global Eagle Holdings GmbH 22972 10.69%<br>| 2 Anuvu Foreign Holding LLC 1,92,000 89.30%<br>| 3 Mr. Vishal Chhabria 0.01% |<br>Total 2,14,973 100%<br>----- End of picture text -----<br>

¢ LIST OF DIRECTORS

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----- Start of picture text -----<br> Sr List of Directors before Change in List of Directors after Change in<br>No. Shareholding Pattern Shareholding Pattern<br>i. Vishal Mohan Director Suresh Padmanaban Director<br>Chhabria |<br>2. | Suresh Padmanaban Director Nameeta Vishal Director<br>Chhabria<br>----- End of picture text -----<br>

Decision:-After deliberation, the Committee approved the proposal of the unit forChange of Directors and Shareholding pattern of the Company in terms ofInstruction no 109 dated 18.10.2021. Further, the Committee also directed theunit to comply with the following safeguards in terms of Instruction no. 109, dated 18.10.2021:-

1. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity.

2. Fulfillment of all eligibility criteria applicable, including security clearances etc, by the altered entity and its constituents.

3. Applicability of and compliance with all Revenue /Company Affairs/SEBI etc. Acts/Rules which regulate issues like capital gains, equity change, transfer, taxability etc.

• : 4. Full financial details relating to change in equity/merger, demerger, amalgamation or transfer in ownerships etc. shall be furnished immediately to Member (IT&R), CBDT, Department of Revenue and to the jurisdictional Authonty.

• 5. 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 and ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961.
• 6. The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable.
• 7. The applicant shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT.
• 8. The applicant shall be recognized by the new name or such arrangement in all the records.

File No.S-SEZ-11/11/2021-SEEPZ-SEZ

7

Agenda Item No. 05 :-Application for Change of Directors of the Company and Shareholding pattern of M/s. Western Outdoor Interactive Pvt Ltd., Unit-II

The unit has submitted the Application for Change of Directors and Shareholding pattern of the Company and the details are as under :-

™

Details of before Change of Shareholding

pattern of the companv:-

||SrNo.|SrNo.|Name ofShareholder|No. ofEquity Shares|Shareholding%|Shareholding%|%||
|---|---|---|---|---|---|---|---|---|
||||Global Eagle Holdings GmbH|22972||17.02%|||
||2||GEE Foreign Holding LLC|112,000||82.98%|||
||||Mr. Vishal Chhabria|||0.01%|||
||||Total|134,973||100%|||
||Details||ofafterChange ofShareholding pattern ofthe company:-||||||
||Sr No.||Name ofShareholder|No. ofEquity Shares|Shareholding%||%||
||1||Global Eagle Holdings GmbH|22972||10.69%|||
|||<br>2||Anuvu Foreign Holding LLC|1,92,000||89.30%|||
||3||Mr. Vishal Chhabria|||0.01%|||
||||Total|2,14,973||100%|||
||-|LIST OF DIRECTORS|||||||
||] Sr.<br>}No.|||List ofDirectors before Change in<br>Shareholding Pattern|List ofDirectors afterChange in<br>Shareholding Pattern|||||
|||Ts||Vishal Mohan<br>Director|Suresh Padmanaban||Director|||
|||||Chhabria||||||
||2.||Suresh Padmanaban<br>Director||Nameeta Vishal||Director|||
|||||Chhabria||||||
||3.||||Periyanayagam Vicent||Director|||
|Decision:-After deliberation, the Committee approved the proposal of||||||the unit|for||
|Change|||of Directors<br>and<br>Shareholding|pattern<br>of the Company||in<br>terms|of||
|Instruction no 109 dated 18.10.2021. Further, the Committee also|||||directed the unit||||
|to comply with the following safeguards||||in terms of Instruction|no.|109, dated|||
|18.10.2021:-|||||||||

File No.S-SEZ-11/11/2021-SEEPZ-SEZ

1. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity.

2. Fulfillment of all eligibility criteria applicable, including security clearances etc, by the altered entity and its constituents.

3. Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Acts/Rules which regulate issues like capital gains, equity change, transfer, taxability etc.

4. Full financial details relating to change in equity/merger, demerger, amalgamation or transfer in ownerships etc. shall be furnished immediately to Member {IT&R), CBDT, Department of Revenue and to the jurisdictional Authority.

5. 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 and ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961.

6. The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable.

7. The applicant shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT.

8. The applicant shall be recognized by the new name or such arrangement in all the records.

SUPPLEMENTARY AGENDA :-

Agenda Item No. 01:-Monitoring of Performance of M/s. Tata Consultancy Services Ltd. (Unit-1)

The unit has submitted the APR for the period 2020-21 duly certified by Chartered Accountant. The export and import data for the period 2020-21 was retrieved from NSDL for cross verification with data submitted by them in the APR and same has been found satisfactory.

Decision :- After deliberation, the Committee noted the performance of the unit for the period 2020-21, as the unit has achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules, 2006.

Agenda Item No. 02:-Monitoring of Performance of M/s. Tata Consultancy Services Ltd. (Unit-I1]}

The unit has submitted the APR for the period 2020-21 duly certified by Chartered Accountant. The export and import data for the period 2020-21 was retrieved from NSDL for cross verification with data submitted by them in the APR and same has been found satisfactory.

Decision :- After deliberation, the Committee noted the performance of the unit for the period 2020-21, as the unit has achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules, 2006.

File No.S-SEZ-11/11/2021-SEEPZ-SEZ

Meeting ended with the vote of thanks to the Chair.

JAGANNATHAN)

Signed by Shri. Shyam Jagannathan Reason:Date: 01-06-2022'FApproved HAM 38

Chairperson-cum-Development Commissioner

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||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|ACTION TAKEN|REPORT OF UAC|MEETING|DATED|27.05.2022|
|Sr.N|Name of the|Unit|||Proposal|Remark|
|0.|
|Confirmation|of Minutes30.06.2022of|[the]|[last]|[mecting]|[held]|[on]|||-|-|||
|Mis. Gold|Star Jewellery|Pvt.|Ltd|Application|for|Broad|Banding|of|[the]|[Items]|Letter|issued|to|the|Unit|&|SO|on|
|03.06.2022|
|2|Mis.|V M|Kreation|Application|for Change of|Company Name|from|M/s.}|Permission|Letter|issued|to|the|Unit|on|
|V M Kreation|to M/s. Veera Luxury|03.06.2022|||
|3|Mis.|Western Outdoor|Interactive|Pvt.|Lid.,|Unit-l|Application|for Change of Directors|and|Permission|Letter|issued|to|the|Unit|on|
|Shareholding|pattern of the Company|03.06.2022|
|4|Mis.|Western|Outdoor Interactive|Pvi.|Ltd.,|Unit-ll.|| Application|for Change|of Directors of the Company ||Permission|Letter|issued|to|the|Unit|on|
|and|Shareholding pattern|03.06.2022|}|
|M/s,|Tata|Consultancy|Services|Ltd|(Unit-II)|Monitoring Noted|
|||Mls. Tata Consultancy Services|Lid.|(Unit-II)|Monitoring Peroformance|Monitoring Noted|||

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