Section 6
Disposal of uranium.
About this Act
An Act to provide for the development, control and use of atomic energy for the welfare of the people of India and for other peaceful purposes and for matters connected therewith.
(1) No minerals, concentrates and other materials which contain uranium
in its natural state in excess of such proportion as may be prescribed by notification by the Central
Government shall be disposed of except with the previous permission in writing of the Central
Government and in accordance with such terms and conditions as it may impose.
(2) The Central Government may serve notice on any person who has produced any mineral, concentrate or other material referred to in sub-section (1) that the Central Government 1[proposes to compulsorily acquire it and upon the service of the notice], the mineral, concentrate or other material shall become the property of the Central Government and shall be delivered to the Central Government or as it may direct:
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3[(3) Compensation in respect of acquisition under sub-section (2) shall be paid in accordance with section 21 and in determining such compensation regard shall be had to the cost of production of such mineral, concentrate or other material and such other factors as may be relevant but no account shall be taken of the value of uranium in its natural state contained therein.]
(2) The Central Government may serve notice on any person who has produced any mineral, concentrate or other material referred to in sub-section (1) that the Central Government 1[proposes to compulsorily acquire it and upon the service of the notice], the mineral, concentrate or other material shall become the property of the Central Government and shall be delivered to the Central Government or as it may direct:
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3[(3) Compensation in respect of acquisition under sub-section (2) shall be paid in accordance with section 21 and in determining such compensation regard shall be had to the cost of production of such mineral, concentrate or other material and such other factors as may be relevant but no account shall be taken of the value of uranium in its natural state contained therein.]
Notes
1. Subs. by Act 59 of 1986, s. 2, for certain words (w.e.f. 21-9-1962),
2. The proviso omitted by Act 59 of 1986, s. 2 (w.e.f. 21-9-1962).
3. Ins. by s. 2, ibid. (w.e.f. 21-9-1962).
2. The proviso omitted by Act 59 of 1986, s. 2 (w.e.f. 21-9-1962).
3. Ins. by s. 2, ibid. (w.e.f. 21-9-1962).