 bill no xiv of  2009 the  special economic zones (amendment)  bill,  2009 a billfurther to amend the special economic zones act, 2005be it enacted by parliament in the sixtieth year of the republic of india as follows:— 1 (1) this act may be called the special economic zones (amendment) act 2009short title and commencement(2) it shall come into force on such date, as the central government may, by notificationin the official gazette, appoint28 of 200552 after section 24 of the special economic zones act, 2005, the following section shallbe inserted, namely:—insertion ofnew section24apenalty on misrepresentation of facts"24a if any "developer", "co-developer" or "entrepreneur" misrepresents any material fact before any authority, constituted under the act, he shall be punished with imprisonment for a term which may extend to three years or with fine which may extend to five lakhs rupees statement of objects and reasonsever since, the special economic zones act, 2005, and the schemes prepared under the act have come into force, respective state governments have recommended the cases of various developers, co-developers and entrepreneurs for establishing special economic zones in their respective statessince the concept involves grant of considerable amount of land to the applicants, with a number of facilities, concessions and tax exemptions, number of applicants seeking to establish sezs, is increasing, although, world-wide recession has reduced the number of applicants to some extent, in recent timeshowever, since a number of procedural formalities are involved in obtaining approvals/permissions/licenses under the act, there may be cases where applicants may be tempted to misrepresent facts before the authorities under the actland is becoming a scarce commodity, and, therefore, it cannot be allowed to be misused in the name of establishing units or projects under the act there has been a criticism that many a developers intend to apply for projects in the name of special economic zones but their object tends to be, clandestinely for commercial purposes such applicants exaggerate and misrepresent the requirement of land before the authorities some also intend to sublet the rights over the land without the permission of the authorities, while, others give misleading projection regarding the export potentials of their products some applicants also lack basic potential to establish such projects and are expert in manipulating vital figures and facts in all such matters, element of misrepresentation, remains the main culprit, and, therefore, such acts should not go unnoticed and unpunishedhence, this billshantaram laxman naik annexureextract from the special economic zones, 2005 (section 24)   24 appeal to high court—any person aggrieved, by any decision or order of the court designated under sub-section (1) of section 23, may file an appeal to the high court within sixty days from the date of communication of the decision or order of the courts so designated to him on any question of fact or law arising out of such orders: provided that the high court may, if it is satisfied that the appellant was prevented by sufficient cause from filing an appeal within the said period, allow it to be filed within a further period not exceeding sixty days explanation - in section 23 and in this section "high court" means the high court of the state in which the special economic zone is situated    ———— a billfurther to amend the special economic zones act, 2005————(shri shantaram laxman naik, mp)gmgipmrnd—3554rs(s5)—31-07-2009