Goa, Daman and Diu Mining Concessions (Abolition and Declaration as Mining Leases) Act : GENERAL EFFECT OF

Goa, Daman and Diu Mining Concessions (Abolition and Declaration as Mining Leases) Act,1987

Act No : 16

Section : GENERAL EFFECT OF DECLARING THE MINING CONCESSIONS TO BE MINING LEASES

SECTION 05: GENERAL EFFECT OF DECLARING THE MINING CONCESSIONS TO BE MINING LEASES

(1) Where a mining concession has been deemed to be a mining lease undersection 4-, the concession holder shall, on and from the day mentioned in that section, be deemed to have become the holder of such mining lease underthe Mines and Minerals Act-in relation to the mine to which the mining concession relates, subject to the condition that the period of such lease shall, notwithstanding anything contained in that Act, extend up to a period of six months from the date of assent.

(2) On the expiry of the period of any mining lease under sub -section (1), it may, if so desired by the holder of such lease and on an application being made by him in accordance with the provisions ofthe Mines and Minerals Act-and the rules made thereunder, be renewed on such terms and conditions, and up to the maximum period for which, such lease can be renewed under the provisions of that Act and the rules made thereunder.