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16/1987 - The Goa, Daman and Diu Mining Concessions (Abolition and Declaration as Mining Leases) Act, 1987 ▶

Act Number: 16

Act Name: The Goa, Daman and Diu Mining Concessions (Abolition and Declaration as Mining Leases) Act, 1987

Year: 1987

Enactment Date: 1987-05-23

Long Title: An Act to provide for the abolition of the mining concessions in operation in the Union territory of Goa, Daman and Diu and specified in the First and the Second Schedules, and for the declaration of such mining concessions as mining leases under the Mines and Minerals (Regulation and Development) Act, 1957 with a view to the regulation of the mines to which such concessions relate and for the development of minerals under the control of the Union and for matters connected therewith or incidental thereto.

Ministry: Ministry of Mines

Department:

Section 6: Payment of amounts to concession holders.

Every concession holder specified in the second column of the First and the Second Schedules shall be given by the Central Government, in cash, and in the manner specified in Chapter IV, for the abolition of the mining concessions held by him, and declaring it as a mining lease, under section 4, an amount equal to the amount specified against him in the corresponding entry in the eighth column of the First Schedule and the ninth column of the Second Schedule, as the case may be.

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