Sponsored
    Follow Us:
Sponsored

MINISTRY OF MINES

NOTIFICATION

New Delhi, the 2nd November, 2021

G.S.R. 776(E).—In exercise of the powers conferred by section 13 of the Mines and Minerals (Development and Regulation) Act, 1957 (67 of 1957), the Central Government hereby makes the following rules further to amend the Mineral (Auction) Rules, 2015, namely:—

1. (1) These rules may be called the Mineral (Auction) Third Amendment Rules, 2021.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Mineral (Auction) Rules, 2015 (hereinafter referred to the said rules‟), in rule 6, —

(i) in sub-rule (3), the following explanation shall be inserted, namely: —

Explanation.— This sub-rule shall be applicable in all cases of auction, notwithstanding any order or direction to the contrary, passed by any court or authority, prior to the commencement of the Mines and Minerals (Development and Regulation) Amendment Act, 2021.”

(ii) in sub-rule (4), the following explanation shall be inserted, namely: —

“Explanation.— This sub-rule shall be applicable in all leases where mineral is required to be used for captive consumption, notwithstanding any order or direction to the contrary, passed by any court or authority, prior to the commencement of the Mines and Minerals (Development and Regulation) Amendment Act, 2021.”

3. In the Mineral (Auction) Rules, 2015, in rule 14, —

(i) for the words “twenty-four” the words “twelve” shall be substituted;

(ii) the words, “sixty days from” shall be omitted.

[F. No. 16/97/2020-M.VI (Part)]

Dr. VEENA KUMARI DERMAL, Jt. Secy.

Note : The Mineral (Auction) Rules, 2015 were published in the Gazette of India, Part II, section 3, sub­section (i) vide number G.S.R. 406(E), dated the 20th May, 2015 and lastly amended vide number G.S.R. 422 (E), dated the 18th June, 2021.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031