Section 8
Central Government to be the lessee of the State Government.
The Metal Corporation (Nationalisation and Miscellaneous Provisions) Act, 1976
About this Act
An Act to provide for the taking over of the management of the undertaking of the Metal Corporation, after such undertaking is deemed to have been transferred to, and re-vested in, the said Corporation, and for the subsequent acquisition of the undertaking of the Metal Corporation for the purpose of enabling the Central Government, in the public interest, to exploit to the fullest extent possible, the zinc and lead deposits in and around Zawar area in the State of Rajasthan and to utilise those minerals in such manner as to subserve the common good, and for matters connected therewith or incidental thereto.
(1) Where the right of the
Metal Corporation under any mining lease granted, or deemed to have been granted to it by any State
Government or any other person, vest in the Central Government under section 7, the Central
Government shall, on and from the date of such vesting, be deemed to have become the lessee of such
State Government or such other person, as the case may be, in relation to such mine, as if a mining lease
in respect of such mine had been granted to the Central Government, and the period of such lease shall be
the entire period for which such lease could have been granted by the State Government or such other
person under the Mineral Concession Rules, and, thereupon all the rights under such mining lease,
including surface, underground and other rights granted to the lessee shall be deemed to have been
transferred to, and vested in, the Central Government.
(2) On the expiry of the term of any lease referred to in sub-section (1), such lease shall, if so desired by the Central Government, be renewed by the State Government or other person on the same terms and conditions on which such lease was held immediately before the appointed day by the Metal Corporation, for the maximum period for which such lease could be renewed under the Mineral Concession Rules.
(2) On the expiry of the term of any lease referred to in sub-section (1), such lease shall, if so desired by the Central Government, be renewed by the State Government or other person on the same terms and conditions on which such lease was held immediately before the appointed day by the Metal Corporation, for the maximum period for which such lease could be renewed under the Mineral Concession Rules.