Act Number: 17

Act Name: The Offshore Areas Mineral (Development and Regulation) Act, 2002

Year: 2003

Enactment Date: 2003-01-30

Long Title: An Act to provide for development and regulation of mineral resources in the territorial waters, continental shelf, exclusive economic zone and other maritime zones of India and to provide for matters connected therewith or incidental thereto.

Ministry: Ministry of Mines

Department:

Section 14: Period of commencement of operating rights.
    A holder of operating right shall commence operation within the period specified below after the grant of the operating right and shall thereafter conduct such operation in proper, skilful and workman-like manner, as follows:--
table@table@@thead@@th@@/th@@/thead@@tbody@@tr@@td@(a) reconnaissance permit@/td@@td@six months;@/td@@/tr@@tr@@td@1[(aa) composite licence @/td@@td@one year;]@/td@@/tr@@tr@@td@(b) exploration licence@/td@@td@one year; and @/td@@/tr@@tr@@td@(c) production lease@/td@@td@two years.@/td@@/tr@@/tbody@@/table@/table
Notes:
1. Ins. by Act 17 of 2023, s. 12, (w.e.f. 17-8-2023).
Previous Section Next Section
Scroll to Top