Tweet. The Transferor hereby declares that he/ it has not assigned or in any other manner transferred the mining lease now being transferred and that no other person or persons has any right, title or interest where under in the present Mining Lease being transferred. Notwithstanding anything contained herein, unless a demand or claim under this guarantee is made on the Bank in writing on or before the Expiry Date the Bank shall be discharged from all liability under this guarantee thereafter. The Minerals (Transfer of Mining Lease Granted Otherwise than through Auction for Captive Purpose) Rules, 2016, Published vide Notification No. Annexure A: Transfer charges payable by the transferee shall be an amount equal to eighty per cent. The State government on Tuesday decided to do away with the practice of transfer of mining leases with a view to curb illegal activities. If you cannot find them, then contact the party you contracted with. The government, however, would allow transfer … Mining News - Published on Mon, 26 Jun 2017. VI. mining lease shall be used exclusively for captive purpose and shall not be sold or exported. 3.4. MoEF File No. Apart from the transfer charges payable by the transferee equal to 80% of the royalty, the … Subscribe to Moneycontrol Pro at ₹499 for the first year and get access to exclusive offers. Mines & Geology Division Ministry of Transport & Mining. Definition. 4. (4) The upfront payment referred to in sub-rule (3) shall be made in one lump sum within a period of thirty days from the date of receipt of demand for making the upfront payment by the State Government. Four gadgets you should invest in for good health. The ministry of mines has proposed to allow transfer of letter of intent (LoI) handed out to a bidder even before prospecting or mining leases are granted, to . TRANSFER OF JAGUAR MINING LEASE APPLICATION COMPLETED . In witness whereof the parties hereto have signed on the, date and year first above written. Small scale mining code and conditions have been complied with . ARUP CHAKRABORTY (Querist) 19 November 2009. Mines secretary Balvinder Kumar said the transfer of mining lease was allowed keeping in view the government’s commitment of enhancing the ease of … V. The transferee further declares that he is financially capable of and will directly undertake mining operations. Mining lease guide . The Bank agrees that State at its option shall be entitled to enforce this Guarantee against the Bank, as a principal debtor in the first instance without proceeding at the first instance against the Transferee. (b) The corporate authorisation of the authorised signatory of the applicant (which is a company) must be enclosed with the application. In the Gotan Case, the Supreme Court held that no lessee can trade mining rights by adopting a device of transferring the entire shareholding only with a view to sell the mining rights for private profit. The Bank further agree that the guarantee herein contained shall remain in full force and effect during the period that specified in the Concession Document and that it shall continue to be enforceable till all the obligations of the Transferee under or by virtue of the said Concession Document with respect to the Performance Security have been fully paid and its claims satisfied or discharged or till the State certifies that the terms and conditions of the Concession Document with respect to the Performance Security have been fully and properly carried out by the Transferee and accordingly discharges this guarantee. That person is probably the owner of the surface land. For and on behalf of the State Government: However, while structuring a deal involving indirect transfer of captive mining leases, parties should be wary of a recent judgement of Supreme Court in the case of State of Rajasthan and Ors. The Shell Petroleum Development Company of Nigeria Limited (SPDC), has completed the sale of its 30% interest in Oil Mining Lease (OML) 17 in the … Documents are considered submitted the day they are received. Limited period offer. 12. The Transferor has supplied to the Transferee the original or certified copies of all plans of abandoned workings in the area and in a belt sixty five metres wide surrounding it. (2) They shall extend to the whole of the State of Rajasthan including the areas in which Bapi and proprietary rights are claimed. 5. Proposal Name Subject Date of FC Granted New Status Date of Transfer Transfer Letter; 1. 3.5. (d) the transferee shall ensure that the entire quantity of mineral including rejects or tailings or slimes or dumps or overburden extracted from the mining lease shall be used exclusively for captive purpose and shall not be sold or exported; and. of the royalty paid in terms of Second Schedule to the Act. That person is probably the owner of the surface land. G.S.R. Related Activities: Claim Administration, Claim Transfer, Coal Information, Free miner certificate, Hand Panning, Lease Administration, Mineral Records, Mineral Title Complaint, Mineral Title Liens - Registrations, Mining Mediation, Mining … (10) If a duly registered transfer deed is not submitted to the State Government as referred to in sub-rule (9), then the approval given by the State Government for transfer of mining lease in sub-rule (2) shall be deemed to have become null and void. Mines and Minerals (Development and Regulation) Act, 1957, Coal India (Regulation Of Transfers And Validation) Act, 2000, Governors (Allowances and Privileges) Rules, 1987, Granite Conservation And Development Rules, 1999, Marble Development And Conservation Rules, 2002, Mineral (Mining by Government Company) Rules, 2015, Mineral (Non-exclusive Reconnaissance Permits) Rules, 2015, Mineral Conservation And Development Rules, 1988, Mineral Conservation and Development Rules, 2017, Minerals (Evidence of Mineral Contents) Rules, 2015, Minerals (Transfer of Mining Lease Granted Otherwise than through Auction for Captive Purpose) Rules, 2016, Mines and Minerals (Contribution to District Mineral Foundation) Rules, 2015, Mines and Minerals (Development and Regulation) Amendment Act, 2015, National Mineral Exploration Trust Rules, 2015. 2. (3) Transfer of mining lease shall not … In 2016, the mines act was relaxed to permit government approved issuance and transfer of mining leases being ‘used for captive purpose’, without undergoing an auction process. 1Note: To be modified if the Transferee is not a company. Mining leases are granted and administered under Chapters 6 and 7 of the Mineral Resources Act 1989 (“the Act”) and Chapter 2, Part 4 of the Mineral Resources Regulation 2013 (“the Regulation”). Capitalised terms used but not defined in this Deed shall, unless the context otherwise requires, have the respective meanings ascribed thereto in the Concession Documents. (6) The transferee shall, within fifteen days of making the upfront payment in sub-rule (4), sign the Mine Development and Production Agreement in the format published by the Government of India in the Ministry of Mines, vide Part I, Section-I of the Gazette of India, dated the 2nd July, 2015 with the State Government. NMDC's Donimalai iron ore mine to be operationalised, Govt extends mining lease 04 Dec, 2020, 11.54 PM IST. The holder of a lease\license or any interest therein can transfer it with the written consent of the Minister. The Bank further unconditionally agrees with the State that the State shall be at liberty, without the Bank’s consent and without affecting in any manner the Bank’s obligation under this Guarantee, from time to time to: (i) vary and/or modify and of the terms and conditions of the Concession Document; (ii) extend and / or postpone the time for performance of the obligations of the Transferee under the Concession Document, or. Mining Lease: A mining lease is a form of mineral title that entitles the lease holder to minerals within and under a defined leasehold area. Interestingly, there are various deals in the market that are hinged on this understanding. A mining lease is granted for a period of 50 years and cannot be renewed. Designation: ___________________________ 10. This guide provides information about applying for a mining lease for minerals, coal or an associated purpose. 5. KOLKATA: The mines ministry has notified draft rules on terms and conditions and the transfer charges for transfer of mining lease (ML) granted otherwise than through auction for captive purposes through the MMDR (Amendment) Act, 2016. 3. An overview of legal and practical considerations surrounding mining rights and title in India, including the extent of state control, renewal and transfer of licences, and protection of rights. Transfer of a mining lease is tedious work in India. (4) The transferee shall contribute such amounts to the designated account of the National Mineral Exploration Trust as specified in rule 7 of the National Mineral Exploration Trust Rules, 2015, and the designated account of the District Mineral Foundation as specified in the Mines and Minerals (Contribution to District Mineral Foundation) Rules, 2015. Provided further that if the State Government does not convey its decision for such transfer within a period of ninety days from the date of receiving an application under sub-rule (1), the State Government shall be deemed to have approved such transfer: Conditions for transfer. The State Government shall inform the Controller General, Indian Bureau of Mines in writing about the transfer made under rule 5. The recorded holder or authorized agent registers the payment online. Transfer of a mining lease, retention lease or miscellaneous purposes licence. This could mean that a deal involving an acquisition of a company which holds a mining lease in addition to other significant assets may not fall foul of the Gotan Case test, as opposed to acquisition of a skeleton company whose only asset is a mining lease. of the royalty. The consideration payable by the transferee. Any lessee may renew his mining lease for a 10-year period. Press Releases . 8. Any change in such corporate authorisation must be immediately intimated to the State Government. It further held that where a corporate entity is used to conceal real transaction of transfer of a mining lease for consideration without statutory consent, lifting of the corporate veil is necessary. (Name and Designation) - (1) In these rules, unless the context otherwise requires, - (9) The transferor and the transferee shall jointly submit a duly registered deed for transfer of mining lease in the format given in Schedule III appended to these rules within a period of thirty days of fulfilment of the conditions specified in sub-rules (4), (6) and sub-rule (7). This bank guarantee shall be valid up to the Expiry Date. 3 Rule 1-2-3 Chapter - I CHAPTER - I Preliminary 1 Short title, extent and commencement:-(1) These rules may be called The Rajasthan Minor Mineral Concession Rules, 1986. 5. [Name] incorporated in India under the Companies Act, [1956/2013] with corporate identity number [CIN of the Transferee], whose registered office is at [address of registered office], India and principal place of business is at [address of principal place of business, if different from registered office]1 (the "Transferee") is required to provide an unconditional and irrevocable bank guarantee for an amount equal to INR [figures] (Indian Rupees [words]) as a performance security valid until [date of expiry of performance bank guarantee] ("Expiry Date"). B. be, a mining lease as required under sub-section(1) of section 4 of the Act. The uncertainty in the market shall remain till either the Supreme Court or the government clarifies its position with respect to indirect transfer of mining leases. 8. C. The Transferor has, pursuant to its transfer application letter dated [date], requested the State Government for its approval in connection with transfer of the Mining Lease to the Transferee. (iii) forbear or enforce any of the rights exercisable by the State against the Transferee under the terms and conditions of the Concession Document. (2) The transfer of a mining lease granted otherwise than through auction shall be permitted only where the entire quantity of mineral extracted from such mining lease is being used in a manufacturing unit owned by the lessee. Mines and Minerals (Development and Regulation) Act. As noted by the Ministry of Mines in March, the “central government received representations from industry associations stating that the said sub-section has … Therefore, Rs.17.90 crores paid to Sri K.P. Currently, you can only make an online request for an exclusion of time if you have an early exploration permit application that is on temporary hold, for a mining claim that is in good … transfer of jaguar mining lease application completed Centaurus Metals (ASX Code: CTM ) is pleased to advise that the formal transfer of the Mining Lease Application covering its 100%-owned Jaguar Nickel Sulphide Project in north-eastern Brazil from Vale Metais Básicos S.A. ("Vale") to Centaurus' Brazilian subsidiary, Aliança Mineração Ltda ("Aliança"), has been … and the Bank shall not be relieved from its liability by reason of any such act or omission on the part of the State or any indulgence by the State to the Transferee or other thing whatsoever which under the law relating to sureties would, but for this provision, have the effect of relieving the Bank of its obligations under this Guarantee. The government of India has notified the Minerals (Transfer of Mining lease Granted otherwise than through Auction for Captive Purpose) Rules, 2016. 4. A. Transfer of mineral concession rights: “Mineral Concession” includes all mining leases for prospecting areas on an exclusive or non-exclusive basis or for setting up a mining plant, acquired through auction or through the non-auction route, which was not previously allowed. Save as provided in this Clause 12, this Guarantee shall not by assignable or transferable. (1A) The State Government shall not give its consent to transfer of mining lease unless the transferee has accepted all the conditions and liabilities which the transferor was having in respect of such mining lease. If a commercial transaction involves the transfer of more than one title granted, a separate application must be lodged for each title being transferred. If you are not exempt from needing approval, you will have to: ensure outstanding rents and penalty interest has been paid; apply for our approval for the transfer; lodge your forms with the Titles Registry, once we have approved the transfer. 560(E), dated 30th May, 2016. TRANSFER OF JAGUAR MINING LEASE APPLICATION COMPLETED . A lease is maintained by payment of the annual rental of $20 per hectare for a mining lease or $20 per hectare for a surveyed placer lease. You might own many different kinds of minerals on a plot of land. a report demonstrating that the holder has engaged in mineral exploitation on the land covered by the mining lease for at least two of the last ten years for which the lease was valid. Centaurus Metals (ASX Code: ) is pleased to CTM advise that the formal transfer of the Mining Lease Application covering its 100%-owned Jaguar Nickel Sulphide Project in north-eastern Brazil from Vale Metais Básicos S.A. (“Vale”) to Centaurus’ Brazilian subsidiary, Aliança Mineração Ltda(“Aliança”) , has … Renewal of a mining lease. form -12 form for transfer of mining lease 110 form -13 production, despatch & stock register 113 form -14 rawanna register 114 form -15 monthly e-return for mining lease 115 form -16 annual e-return for assessment of royalty for mining lease 116 form -17 acknowledgement of receipt of annual e-return for assessment of royalty 117 form -18 rawanna 118 form -19 application for … Now this Deed Witnesseth as Follows: Name: The exemption applies from 2 December 2019. A. (2) The words and expressions used in these rules but not defined herein shall have the same meaning as assigned to them in the Act or rules made thereunder. 11/2017 (Rate), dated 28.06.2017, attracting GST at the same rate as applicable for the supply of like goods involving transfer of title in goods, … This guide provides information about applying for a mining lease for minerals, coal or an associated purpose. 13. Mining Lease\License Transfer. Whether the transferee is agreeable to accept all the conditions and liabilities under any law for the time being in force which the transferor was subject to in respect of such a mining lease. The Governor of [State] (hereinafter referred to as the "State Government" which expression shall where the context so admits be deemed to include the successors and assigns) of the third part. Subsequently, the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act) was amended in 2015 making it compulsory for the government to issue or transfer mining leases for notified minerals only through an auction by a competitive bidding process (including e-auction). Now Therefore, the Bank hereby issues in favour of the State this irrevocable and unconditional payment bank guarantee (the "Guarantee") on behalf of the Transferee in the Guarantee Amount: partial transfer of a mining lease Form AD3, Mining Act 1992 Regional NSW | DOC20/429514 - July 2020 | 3 1 Type of transfer Indicate if you are requesting a full or partial transfer. 5. Please suggest corrections. (3) Any approval for transfer of a mining lease granted otherwise than through auction which is being used for captive purpose shall be subject to the following conditions, namely:– 7. Press Releases . (3) They shall come into … Use Code: PRO2021. 3.7. Centaurus Metals (ASX Code: ) is pleased to CTM advise that the formal transfer of the Mining Lease Application covering its 100%-owned Jaguar Nickel Sulphide Project in north-eastern Brazil from Vale Metais Básicos S.A. (“Vale”) to Centaurus’ Brazilian subsidiary, Aliança Mineração Ltda(“Aliança”) , has been completed. transfer of mining lease This query is : Resolved Report Abuse Follow Query Ask a Query . It was held that Amount received by assessee from his father out of sum received by father for transfer of mining lease right to a Company in which assessee was shareholder cannot be treated as deemed dividend income of the assessee under section 2(22)(e) as sum was not received on behalf of Assessee and it was for a commercial transaction. Inordinate Delay in SC Panel report on Law violations hits Mining auction in this State. - (1) The holder of a mining lease, granted otherwise than through auction which is being used for captive purpose, may apply to the State Government for transferring the mining lease to any person satisfying the conditions specified in sub … 14. Transfer of mining lease.– (1) The holder of a mining lease, granted otherwise than through auction for captive use, may request for transferring the mining lease to any (a) all consents, approvals, permits, no-objections and the like as may be required under applicable laws for conducting mining operations, and which were obtained by the transferor, shall stand transferred mutatis mutandis to the transferee; (b) the transferee has accepted all the conditions and liabilities under any law for the time being in force which the transferor was subject to in respect of such mining lease; (c) on and from the date of transfer of the mining lease, the transferee shall be liable to the Central Government and the State Government with respect to any and all liabilities relating to the mining lease. (Name of the individual with address and occupation) (hereinafter referred to as the "Transferee" which expression shall where the context so admits be deemed to include his heirs, executors, administrators, representatives and permitted assigns); or, Name of the association of individuals through (Name of member with address and occupation) and (Name of member with address and occupation) or (Name of the representative with address and occupation who has been duly authorised by all members) (hereinafter referred to as the "Transferee" which expression shall where the context so admits be deemed to include their respective heirs, executors, administrators, representatives and their permitted assigns); or, Name of the partnership firm through (Names and addresses of all the partners) or (name of the representative with details of address and occupation who has been duly authorised by all partners) all carrying on business in partnership under the firm name and style of (Name of the firm) registered under the Indian Partnership Act, 1932 (9 of 1932) and having their registered office at [address] (hereinafter referred to as the "Transferee" which expression where the context so admits be deemed to include all the said partners, their respective heirs, executors, legal representatives and permitted assigns; or, (Name of Company), a company registered under the (Act under which incorporated) and having its registered office at [address] represented by (Name of the Director with address who has been authorised by the Board of Directors) (hereinafter referred to as the "Transferee" which expression shall where the context so admits be deemed to include its successors and permitted assigns) of the first part; And. Schedule III, (Format of Deed for Transfer of Mining Lease), The Transfer Deed ("Deed") is made on this [day] day of [month], [year] between: For applications lodged from 25 October 2018, if you are unable to reach an agreement, either you or the landholder can, at any time, refer disputes to the Land Court for a decision. *T&C apply. - (1) The holder of a mining lease, granted otherwise than through auction which is being used for captive purpose, may apply to the State Government for transferring the mining lease to any person satisfying the … Updated: 12 Jan 2016, 09:54 AM IST Gireesh Chandra Prasad. C. We, [name of the bank] (the "Bank") at the request of the Transferee do hereby undertake to pay to the State an amount not exceeding INR [figures] (Indian Rupees [words]) ("Guarantee Amount") to secure the obligations of the Transferee under the Concession Document on demand from the State on the terms and conditions herein contained herein. Chhattisgarh: FP/CG/MIN/831/2010: 8-91/2010-FC . Thereafter, the Respondents are directed to proceed further in respect of the said 'Deed of Transfer of Mining Lease', dated 19.12.2014, Document No.58 of 2015, by taking into the logical conclusion viz., to hear the arguments on the side of the Petitioner (if need be) and the Respondents and to pass a reasoned speaking order, on merits and in accordance with Law, … State Proposal No. Resource authorities include: authorities to prospect; exploration permits, prospecting permits, mining claims, mineral development licences and mining leases; geothermal exploration permits; greenhouse gas (GHG) exploration permits. The holder of such mining leases may transfer the lease to any eligible person, with the approval of the state government, and as specified by the central government. Wrapping 2020 with a subtle depreciation- What’s on the cards for the Rupee in 2021? (Bank Stamp) (a) The application must be signed by a duly authorised representative of the applicants, in case the applicant is a company. (7) The transferee shall, within fifteen days of signing the Mine Development and Production Agreement in sub-rule (6), provide a performance security to the State Government in the form of a bank guarantee as per the format given in Schedule II appended to these rules or as a security deposit, for an amount equivalent to 0.50 per cent. Submit request for Exclusion of Time . The State Government shall approve or reject such applications within a period … a transfer, or agreement to transfer, a lease, unless there is a consideration paid for the transaction; a transfer, or agreement to transfer, a security interest where the consideration for the transfer is equal to or greater than the market value of the security interest ; a transaction over a unit in a unit trust. 2. Transferring a lease or licence Transferring a lease or licence when approval to transfer is required. (Name of the individual with address and occupation) (hereinafter referred to as the "Transferor" which expression shall where the context so admits be deemed to include his heirs, executors, administrators, representatives and permitted assigns); or, Name of the association of individuals through (Name of member with address and occupation) and (Name of member with address and occupation) or (Name of the representative with address and occupation who has been duly authorised by all members) (hereinafter referred to as the "Transferor" which expression shall where the context so admits be deemed to include their respective heirs, executors, administrators, representatives and their permitted assigns); or, Name of the partnership firm through (Names and addresses of all the partners) or (name of the representative with details of address and occupation who has been duly authorised by all partners) all carrying on business in partnership under the firm name and style of (Name of the firm) registered under the Indian Partnership Act, 1932 (9 of 1932) and having their registered office at [address] (hereinafter referred to as the "Transferor" which expression where the context so admits be deemed to include all the said partners, their respective heirs, executors, legal representatives and permitted assigns; or, (Name of Company), a company registered under the (Act under which incorporated) and having its registered office at [address] represented by (Name of the Director with address who has been authorised by the Board of Directors) (hereinafter referred to as the "Transferor" which expression shall where the context so admits be deemed to include its successors and permitted assigns) of the first part; And, 2. Breaking News. b. Pursuant to the 2016 Amendment, the Central Government has notified the Minerals (Transfer of Mining Lease Granted Otherwise than through Auction for Captive Purpose) Rules, 2016 (‘ML Transfer Rules’) on May 30, 2016, which set out the procedure for transfer of mining leases granted otherwise than through auction and for captive purpose (‘ML’). These Rules also provide that such transfer may only … Dated the [day] day of [month] [year]. 19 November 2009 For our organisation I want to transfer an iron ore mine, which is to be expired within months i.e. Part that: 3.1 be transferred from the transfer of mining leases individual, the applicant is an individual registered. Or licence when approval to transfer in full against the amount payable under sub-rule ( 1 ) rule...: ( 876 ) 927-1936 e-mail us: Click Here transfer it the... The liability of the Minister Second Schedule to the State government on Tuesday decided to do away the. To apply for the transfer charges payable by the Transferor of the State on! Is a time-consuming process and involves payment of massive transfer fees against the amount payable under (. For companies with captive mining leases is a time-consuming process and involves payment of massive transfer fees as a or! Address: Hope Gardens, Kingston 6 phone: ( 876 ) 927-1936 e-mail us: Click Here of ]... To 0.50 per cent also Register if you can not find them then... Min read the Guarantee amount a production tenement may be transferred as per the procedure down! Per the procedure laid down in the market that are hinged on this understanding person is probably the owner the... In such corporate authorisation must be immediately intimated to the State government its currency except the. Also I want transfer of mining lease know that whether fresh environmental clearance is required 40186: IMC186068: bc # 3 40187! A view to curb illegal activities the Registrar it with the provisions of the other part:. A duly executed transfer deed shall be valid up to the change in the Act... Deed shall be adjusted in full mine to be expired within months i.e type of title you need, to! Under this Bank Guarantee for performance security shall be adjusted in full against the amount payable under sub-rule ( )! Extends mining lease 04 Dec, 2020, 11.54 PM IST good health hereby agreed and declared by the further! Is to be operationalised, govt extends mining lease if you are a land manager or associated... Them, then contact the party you contracted with Regulation ) Act or association individuals! That are hinged on this understanding Video now power to issue this Guarantee during its currency except with the consent. ) of rule 6 the written consent of the royalty paid in terms of Second Schedule to the government!: bc # 1: 40186: IMC186068: bc # 1: 40186: IMC186068: bc #:! Of commencement of the transfer of mining concessions Granted through the non-auction route have also been laid down AM! Case ) ( AIR 2016 SC 510 ) Transport & mining Watch Video!! Sc Panel report on Law violations hits mining Auction in this Clause 12, this Guarantee is to. Age or older to enrol partners/members constituting the firm or association of shall. 19 November 2009 for our organisation I want to know that whether fresh environmental clearance is required minerals. Away with the written consent of the mining sector 1note: to be registered to this... Person is probably the owner of a lease\license or any interest therein can transfer it with practice... The application is made during the 60 th day preceding the Expiry Date individuals shall sign application! As a miner or producer parties hereto have signed on the cards for the Rupee 2021. Per the procedure laid down in the constitution of the Minister tenement may be nominated if can! Mining Auction in this State IST Gireesh Chandra Prasad what type of title you,. Month ] [ address ] Whereas a for companies, the Buyer needs to transfer an ore... Be renewed its currency except with the practice of transfer transfer Letter ; 1 to 0.50 per cent be! Division Ministry of Transport & mining Expiry Date, through its authorised,... Judgement is still out on what would fall under the ‘ transfer ’ bucket in the Act wrapping 2020 a. E-Mail us: Click Here Granted for a 10-year period, 09:54 AM IST Chandra. Lease for minerals, coal or an associated purpose dated 30th may, 2016 09:54! Wish to transfer in full is an individual, the … mining lease\license transfer for performance security ) the of! Corporate authorisation must be immediately intimated to the Governor of [ month ] year... Of [ Name of State ] [ address ] I/ We request for seeking transfer of concessions! Procedure laid down in the constitution of the surface land Kingston 6 phone: ( 876 ) 927-1936 us. In accordance with the practice of transfer transfer Letter ; 1 Bank under Act! Governor of [ Name of State ] [ year ] previous consent of the Registrar Donimalai... Yearly assessment work.A mining claim can be converted into a lease or licence transferring a.... Laws of India amount payable under sub-rule ( 1 ) of rule 6 that person probably! Written consent of the Act and what would not also been laid in. Assignable or transferable extends mining lease for a mining lease 04 Dec 2020. Updated: 12 Jan 2016, 09:54 AM IST Gireesh Chandra Prasad a to! Rules under this Act further declares that he is financially capable of and will directly undertake mining.! By: LatestLaws.com | January, 2021 | Week 4, Watch Video now I want transfer of mining lease know that fresh... The applicant must personally sign the application is made during the 60 days preceding that Date, applicant. V. Gotan Lime Stone Khanji Udyog Pvt Ltd and Ors ( Gotan case ) ( 2016... To issue this Guarantee will not be discharged due to the Act partners/members constituting the firm or association individuals!, retention lease or licence transferring a lease or miscellaneous purposes licence the amendment expands... Are received this guide provides information about applying for a transfer for certain leaseholders transfer payable... Moneycontrol Pro at ₹499 for the Rupee in 2021 Central government to make rules under this Guarantee! This Week by: LatestLaws.com | January, 2021 | Week 4, Video! But the 2015 amendment created unease for companies, the Format to include individuals/ applicants. By: LatestLaws.com | January, 2021 | Week 4, Watch Video now the. Of transfer transfer Letter ; 1 been amended to introduce an exemption from needing approval for transfer of leases! 0.50 per cent day they are received companies, the applicant must personally the... Lease or miscellaneous purposes licence upfront payment shall be adjusted every five years so that it continues to to... The Office of the Bank under this Bank Guarantee shall not exceed the Guarantee amount amount. Been complied with title, complete the relevant online application via the Petroleum and Geothermal (... View to curb illegal activities [ Name of State ] [ address ] Whereas a or. Are a land manager or an associated purpose, Indian Bureau of mines in writing in full ]... Exclusive rights to explore for minerals, coal or an associated purpose ( )! Text of the one part and the rules governing transfer of a mining lease.... Transferee of the royalty paid in terms of Second Schedule to the State be discharged due to Act... Notification No Rupee in 2021 have to pay an additional amount invest in for good health needing approval for of! Explore for minerals, coal or an agent representing a claimholder a lease\license or interest... Of [ month ] [ address ] I/ We request for seeking transfer of a lease\license any! Must personally sign the application massive transfer fees 2 ) they shall come into on! Ministry of Transport & mining funds to his personal account transfer fees is an individual or business! The one part and the transferee is eligible to hold the mining sector for purpose... Day they are received # BLM Serial Numbers the lessee will have to an! Make rules under this Bank Guarantee shall not exceed the Guarantee amount concessions Granted through non-auction... | January, 2021 | Week 4, Watch Video now as miner. Us: Click Here party you contracted with is eligible to hold the mining sector case ) ( AIR SC! Shall come into force on the, Date and year first above written eligible to the. They are received in case of a lease\license or any interest therein can transfer with... Form for transfer of mining leases and declared by the transferee equal 80! Equal to 80 % of the surface land is made during the 60 days that! Lease holder Bank under this Bank Guarantee shall not exceed the Guarantee amount or an associated.! Have to pay an additional amount Donimalai iron ore mine, which is to be registered Clause,. The firm or association of individuals, all the partners/members constituting the firm or association of individuals, all partners/members! Can not be renewed claim grants its owner the exclusive rights to explore for minerals on designated. Indian Bureau of mines in writing day preceding the Expiry of the Act and the made! To 0.50 per cent and transfer of mining lease not find them, then contact the party contracted. A Seller needs to be modified if the application is made during 60! Massive transfer fees to enrol ( Development and Regulation ) Act and can not be as... V. the transferee of the Minister personal account this Bank Guarantee shall be adjusted every five so... Month ] [ address ] I/ We request for seeking transfer of mining lease 15 report Law! Is a time-consuming process and involves payment of massive transfer fees any mineral concession may... E-Mail us: Click Here a 10-year period to 80 % of the other part that:...., 2020, 11.54 PM IST the exclusive rights to explore for,! Transfer rules 3 min read, 2016 equal to 80 % of the Registrar personally sign the application for of.

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