The Bank acknowledges that any such demand by the State of the amounts payable by the Bank to the State shall be final, binding and conclusive evidence in respect of the amounts payable by Transferee to the State under the Concession Document. Mines & Geology Division Ministry of Transport & Mining. 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. This bank guarantee shall be valid up to the Expiry Date. The Transferor has paid all the rent, royalties, and other dues towards the State Government till the date, in respect of the mining lease. Supreme Court rejects Plea seeking ‘Free and Fair’ Elections in West Bengal, NUJS-SACJ Organizes Quiz Competition on Criminal Law: Register by 10 Feb, 2021, रोशनी कानून पर अदालत के फैसले को चुनौती देने वालों के खिलाफ नहीं होगी दंडात्मक कार्रवाई, High Court directs release of amount of ITC available in the credit Ledger Account, जिस 'बच्चे' के चक्कर में काट रहा था सजा, वह उसका नहीं निकला, डीएनए रिपोर्ट ने ऐसे दिलाई जमानत, Supreme Court bench sought in South India citing Article 130, सुप्रीम कोर्ट ने विधि आयोग के लिए चेयरपर्सन की नियुक्ति पर केंद्र सरकार से मांगा जवाब, Bombay High Court rejects bail plea by Yes Bank founder Rana Kapoor, मरने के 20 साल बाद कोर्ट ने आरोपों को किया बरी, जिंदा बुजुर्ग को मरा बताकर बंद की पेंशन. He must file the application for renewal before the 60 th day preceding the expiry of the mining lease. If you cannot find them, then contact the party you contracted with. A production tenement may be transferred from the current tenement holder to an individual or registered business entity. 7. (11) The date of commencement of the transfer deed shall be the date on which a duly executed transfer deed is registered. But the 2015 amendment created unease for companies with captive mining leases. 3.3. (2) An application for transfer of mining lease 17 shall be disposed of by competent authority:[xxx] Provided that transfer of mining lease, granted to the category of persons mentioned in sub-rule (3) of rule 7 shall be made only to a person belonging to any of the categories mentioned in the clause of the said sub- rule. (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. To apply for the transfer of a title, complete the relevant online application via the Petroleum and Geothermal Register (PGR). The State government on Tuesday decided to do away with the practice of transfer of mining leases with a view to curb illegal activities. Discussion was also held on strategies to simplify transfer of mining leases and promote exploration and mining activities," Joshi said in a tweet. The draft rules, inviting comments & suggestions from general public and carious other stakeholders by May 25, 2016, have been posted on the ministry's website. 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. But there is no clarity on whether indirect transfer of captive mining leases would constitute a transfer under the mines act, thereby triggering the requirement for government approval? 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