Section 16 of MMDR : Section 16: Power To Modify Mining Leases Granted Before 25Th October, 1949
MMDR
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Explanation using Example
Imagine a company, XYZ Mining Corp., which was granted a mining lease for an iron ore mine in 1965. This lease was set to last for 30 years. However, in 1994, when the Mines and Minerals (Regulation and Development) Amendment Act came into effect, XYZ Mining Corp.'s lease was still in operation. According to Section 16(1)(a) of the Mines and Minerals (Development and Regulation) Act, 1957, XYZ Mining Corp. would have been required to bring their lease into conformity with the new provisions...
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