Section 9A of MMDR : Section 9A: Dead Rent To Be Paid By The Lessee
MMDR
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Explanation using Example
Imagine a company, XYZ Mining Corp, holds a mining lease for an area rich in bauxite. According to Section 9A of The Mines and Minerals (Development and Regulation) Act, 1957, XYZ Mining Corp is required to pay an annual dead rent to the State Government. The rate of this dead rent is specified in the Third Schedule of the Act.
In a year when the company's mining operations are extensive, and they extract a significant amount of bauxite, they are liable to pay royalty on the mineral they have removed...
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