The Mines and Minerals (Development and Regulation) Act, 1957
CHAPER II: GENERAL RESTRICTIONS ON UNDERTAKING PROSPECTING AND MINING OPERATIONS
Section 7: Periods For Which Prospecting Licences May Be Granted Or Renewed
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Explanation using examples
Imagine a company, XYZ Minerals Pvt. Ltd., is interested in exploring a particular area for bauxite deposits. They apply to the State Government for a prospecting