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MINES AND MINERALS (DEVELOPMENT AND REGULATION) AMENDMENT ACT 2010

THE MINES AND MINERALS (DEVELOPMENT AND REGULATION)
AMENDMENT ACT, 2010
NO. 34 OF 2010
[8th September, 2010.]
An Act further to amend
the Mines and Minerals (Development and Regulation) Act,
1957.
BE it enacted by Parliament in the Sixty-first Year of the Republic
of India
as follows:--
1. Short title and commencement. - (1) This Act may be called the Mines and Minerals
(Development and Regulation)
Amendment Act, 2010.
(2) It shall come into force on such date as the Central Government may, by notification
in the Official Gazette,
appoint.
2. Insertion of new section 11A. - In the Mines and Minerals (Development and
Regulation) Act, 1957 (hereinafter referred
to as the principal Act), after section 11, the
following section shall be inserted, namely:--
`11A. Procedure in respect of coal
or lignite. - The Central Government may,
for the purpose of granting reconnaissance permit, prospecting licence or mining
lease
in respect of an area containing coal orlignite, select, through auction by
competitive bidding on such terms and conditions as may
be prescribed, a company
engaged in,--
(i) production of iron and steel;
(ii) generation of power;
(iii) washing of coal obtained
from a mine; or
(iv) such other end use as the Central Government may, by notification in
the Official Gazette, specify,
and the
State Government shall grant such reconnaissance permit, prospecting
licence or mining lease in respect of coal or lignite to such
company as selected
through auction by competitive bidding under this section:
Provided that the auction by competitive bidding shall
not be applicable to an
area containing coal or lignite,--
(a) where such area is considered for allocation to a Government company
or corporation for mining or such other specified end use;
(b) where such area is considered for allocation to a company or
corporation
that has been awarded a power project on the basis of competitive
bids for tariff (including Ultra Mega Power Projects).
Explanation.--For
the purposes of this section, "company" means a company
as defined in section 3 of the Companies Act, 1956 and includes a foreign company
within the meaning of section 591 of that Act.*.
3. Amendment of section 13. - In section 13 of the
principal Act, in sub-section (2), after
clause (c), the following clause shall be inserted, namely:--
"(d) the terms and conditions
of auction by competitive bidding for selection of
the company under section 11A;".
V. K. BHASIN,
Secy. to the Govt. of India.
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CORRIGENDA
In the Foreign Trade (Development and Regulation) Amendment Act, 2010
(No. 25 of 2010), as published in the Gazette of
India, Extraordinary, Part II, Section 1,
dated the 20th August, 2010 (Issue No. 33),--
(1) at page 2, line 43, for ``convenant'',
read ``covenant'';
(2) at page 5, line 46, for ``import of export'', read ``import or export'';
(3) at page 6,--
(a) line 20, for
``class or classes or cases'', read ``class or classes of cases'';
(b) line 37, for ``Deputy Commissioner or customs'', read `` Deputy
Commissioner of customs'';
(4) at page 8, line 26, for ``import of export or specified'', read ``import or export
of specified'';
(5) at page 9, line 37, for ``of the section'', read ``of section''.