7. Periods for which prospecting licences may be granted or renewed
7. Periods for which prospecting licences may be granted or renewed.—(1) The period for which [a reconnaissance permit or prospecting licence] may be granted shall not exceed three years.
(2)
A prospecting licence shall, if the State Government is satisfied that a longer period is required to enable the licensee to complete prospecting operations be renewed for such period or periods as that Government may specify:
Provided that the total period for which a prospecting licence is granted does not exceed five years:
Provided further that no prospecting licence granted in respect of [a mineral included in Part A and Part B to] the First Schedule shall be renewed except with the previous approval of the Central Government.
Amendment notes (3)
- Subs w.e.f. 25-1-1994 . Subs. by Act 25 of 1994, s. 4, for section 7 (w.e.f. 25-1-1994).
- Subs w.e.f. 18-12-1999 . Subs. by Act 38 of 1999, s. 9, for "a prospecting licence" (w.e.f. 18-12-1999).
- Subs w.e.f. 18-12-1999 . Subs. by s. 9, ibid., for "a mineral included in" (w.e.f. 18-12-1999).