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Coal Mines (Special Provisions) Act, 2015.

Country
Type of law
Legislation
Source

Abstract
This Act provides for allocation of coal mines and vesting of the right, title and interest of land and mine infrastructure together with mining leases to successful bidders and allottees with a view to ensure continuity in coal mining operations and production of coal, and for promoting optimum utilisation of coal resources consistent with the requirement of the country in national interest and for matters connected therewith or incidental thereto. Eligibility to participate in auction and payment of fees is described in Chapter II. Additionally, the Central Government may allot a Schedule I coal mine to a Government company or corporation or to a joint venture between two or more Government companies or corporations or to a company which has been awarded a power project on the basis of competitive bids for tariff (including Ultra Mega Power Projects) from specified Schedule I coal mines. The Central Government shall appoint an officer as the nominated authority who shall act for and on behalf of the Central Government for the purposes of this Act and shall exercise such powers as may be prescribed.
Date of text
Repealed
No
Source language

English

Legislation Amendment
No