Offshore Areas Minerals (Development and Regulation) Act, 2002,2003 |
Act No : 17 of 2003 |
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Contents of Act: |
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SECTION( 9. ) Power to close areas. | |
SECTION( 10. ) Availability of areas for grant of permit, licence or lease. | |
SECTION( 11. ) Grant of reconnaissance permit. | |
SECTION( 12. ) Grant of exploration licence. | |
SECTION( 13. ) Grant of production lease. | |
SECTION( 14. ) Period of commencement of operating rights. | |
SECTION( 15. ) Power of Central Government to authorize survey, research andscientific investigations in areas covered under operating rights. | |
SECTION( 16. ) Royalty. | |
SECTION( 17. ) Fixed rent. | |
SECTION( 18. ) Contribution towards International Seabed Authority. |