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Section 19F: Conduct of auction of exploration licence by Central Government

the Mineral (Auction) Amendment Rules, 2024.Central Rules · 1957

(1) The State Government shall intimate to the Central Government regarding the following, namely:—

(a) identification and recommendation of any area for auction of exploration licence by the committee under rule 19A within a period of fifteen days of receiving it;

[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 19

(b) decision of the State Government on the recommendation of the committee under rule 19A within a period of fifteen days of such decision;

(c) publication of notice under sub-section (4) of section 10BA along with its copy, within fifteen days of publication of such notice;

(d) issue of notice inviting tender for auction for mining lease under rule 19E along with its copy, within fifteen days of issue of such notice;

(e) outcome of any auction for exploration licence, within fifteen days of completion of auction; and

(f) termination, lapse or surrender of exploration licence or terminating or lapse of letter of intent for exploration licence, within fifteen days from such termination, lapse or surrender.

(2) In case the Central Government decides to notify an area for auction or conduct auction for exploration licence under sub-section (5) or sub-section (7) of section 10BA, as the case may be, the provisions of these rules regarding auction in respect of exploration licence, as applicable to a State Government, shall mutatis mutandis be also applicable to the Central Government.

(3) Upon successful completion of the auction, the Central Government shall intimate the details of the preferred bidder in the auction to the State Government and the State Government shall grant exploration licence for such area to such preferred bidder in accordance with rule 19G.

Where this provision sits

Actthe Mineral (Auction) Amendment Rules, 2024.
Section19F
Marginal noteConduct of auction of exploration licence by Central Government
JurisdictionCentral
StatusIn force as published by the source

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