4. No petroleum lease to be valid unless it is in accordance with this Act
4. No [petroleum lease] to be valid unless it is in accordance with this Act.--- (1) No [petroleum lease] shall be granted after the commencement of this act otherwise than in accordance with the rules made under this Act.
(2)
Any [petroleum lease] granted contrary to the provisions of sub-section (1) shall be void and of no effect.
Amendment notes (1)
- Subs w.e.f. 15-4-2025 . Subs. by Act 6 of 2025, s. 3, for "mining lease" (w.e.f. 15-4-2025)