LawgistThe Offshore Areas Mineral (Development and Regulation) Act
6Grant of operating right
The Central Government shall not grant an operating right to any person unless such person--
(a) is an Indian national, or a company as defined in section 3 of the Companies Act, 1956 (1 of 1956) ; and
(b) satisfies such conditions as may be prescribed:
Provided that no production lease for atomic minerals or prescribed substances may be granted without consultation with the Department of the Government of India dealing with the Atomic Energy.
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GENERAL PROVISIONS FOR ACQUISITION OF OPERATING RIGHTS IN THE OFFSHORE AREAS
- 5 Reconnaissance, exploration or production to be under permit, licence or lease
- 6 Grant of operating right
- 7 Termination of operating right
- 8 Reservation of areas
- 9 Power of close areas
- 10 Availability of areas for grant of permit, licence or lease
- 11 Grant of reconnaissance permit
- 12 Grant of exploration licence
- 13 Grant of production lease
- 14 Period of commencement of operating rights
- 15 Power of Central Government to authorise survey, research and scientific investigations in areas covered under operating rights
- 16 Royalty
- 17 Fixed rent
- 18 Contribution towards International Seabed Authority
- 19 Safety of persons and property
- 20 Prevention and control of pollution and protection of marine environment
- 21 Power of Central Government and administering authority to issue directions
