Mines and Minerals (Development and Regulation ) Act,1957
Act No : 67
Section :
Periods for which Prospecting licences may be granted or renewel.
4[7. Periods for which Prospecting licences may be granted or renewel. (1)The period for which a prospecting licence may be granted shall not exceed three years. (2) A prospecting licence shall, if the State Government is Satisfied that a longer period is required to enable the licensee to complete prospecting operations, be renewed for such period or periods as that Government may specify: Provided that the total period for which a prospecting licence is granted does not exceed five years: Provided further that no prospecting licence granted in respect of a mineral included in the First Schedule shall be renewed except with the previous approval of the Central Government. ----------------------------------------------------------------------- 1 Subs by Act 56 of 1972 s.3 for sub-section (1) 2 Omitted by Act 37 of 1986 s.5 (w.e.f 10-2-1987) 3 Ins by s.3 56 of 1972 4 Subs by Act 25 of 1994, 45 (w.e.f. 25-1-1994) ---------------------------------------------------------------------- 91 (1) The maximum period for which a mining lease may be granted shall not exceed thirty years: Provided that the minimum period for which any such mining lease may be granted shall not be of less than twenty years. 1. a period not exceeding twenty years. (2) A mining lease may be renewed for a period not exceeding twenty years. Provided that no mining lease granted in respect of a mineral specified in the First Schedule shall be renewed except with the previous approval of the Central Government. (3)Notwithstanding anything contained in sub-section (2), if the Central Government is of opinion that in the interests of mineral development it is necessary so to do, it may, for reasons to be recorded, authorise the renewal of a mining lease for a further period or periods not exceeding [ Twenty years in each case]1
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