Section 14: Period of commencement of operating rights.

The Offshore Areas Mineral (Development and Regulation) Act, 2002Central Act · Act 17 of 2003

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:--

(a) reconnaissance permit six months; 1 [(aa) composite licence one year;] (b) exploration licence one year; and (c) production lease two years.

Where this provision sits

Act	The Offshore Areas Mineral (Development and Regulation) Act, 2002
Section	14
Marginal note	Period of commencement of operating rights.
Jurisdiction	Central
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

inserted, Act 17 of 2023. . Ins. by Act 17 of 2023, s. 12, (w.e.f. 17-8-2023).

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