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FORM I (To be submitted in Triplicate) Government. Of Rajasthan Received At(place) On. (date) Initial of Receiving Officer APPLICATION FOR MINING LEASE (See Rule 22 (1) of the Mineral Concession Rules,.
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Taluqa FAQ
A mining lease allows you to machine-mine for specified minerals and conduct other activities associated with mining or promoting the activity of mining.
To be granted a mining lease, companies must demonstrate the presence of an economically mineable mineral resource within the area of the proposed mining lease. They must also demonstrate the financial and technical resources to carry out any mining in a responsible manner.
Current Stamp Duty and Registration Charges in Madhya Pradesh OwnershipStamp DutyRegistration ChargesMale7.5%3%Female7.5%3%Co-ownership7.5%3% Apr 13, 2023
Hold a certificate of approval in the prescribed form from the State government. Produce an income tax clearance certificate in the prescribed form. Be Indian (except with previous approval of central government). Also, Mining lease will not be provided if total area covered exceeds ten square miles.
For rental agreements made for a tenancy period of 11 months or less, a stamp paper of Rs 100 or Rs 200 can be utilized. Along with this, a stamp duty i.e. equals the lesser of 1% of the total rent plus the deposit paid annually or Rs 500 is also payable.
Stamp Duty in MP is 7.5% for all the property buyers. The charges are to be paid while the new property is bought or even if the property is transferred.
Madhya Pradesh Stamp duty on Indemnity Bond: Rs. 1,000. Refer: Article 37 of the Schedule I-A of the Indian Stamp Act, 1899 as modified by the Indian Stamp (Madhya Pradesh) Amendment Acts.
Eligibility Hold a certificate of approval in the prescribed form from the State government. Produce an income tax clearance certificate in the prescribed form. Be Indian (except with previous approval of central government). Also, Mining lease will not be provided if total area covered exceeds ten square miles.
As per Schedule 1-A Article - 33 of the Indian Stamp Act, the petitioner is liable to pay stamp duty @ 4% of the total value of the royalty fixed by the M.P. State Mining Corporation which comes to Rs. 10,62,000/-.
In FORM N: Prospective license by paying application fee of Rs. 10,000, Survey Charge Rs. 2500 and deposit amount of Rs. 25,000 per hectare.
A mineral lease is a contract between a mineral owner (the lessor) and a company or working interest owner (the lessee) in which the lessor grants the lessee the right to explore, drill, and produce oil, gas, and other minerals for a specified period of time.
The Mineral Leasing Act (MLA) is a United States federal law that authorizes the leasing of public domain lands for exploring and developing coal, oil, natural gas, and other minerals.
A mining lease allows you to machine-mine for specified minerals and conduct other activities associated with mining or promoting the activity of mining.
To be granted a mining lease, companies must demonstrate the presence of an economically mineable mineral resource within the area of the proposed mining lease. They must also demonstrate the financial and technical resources to carry out any mining in a responsible manner.
Current Stamp Duty and Registration Charges in Madhya Pradesh OwnershipStamp DutyRegistration ChargesMale7.5%3%Female7.5%3%Co-ownership7.5%3% Apr 13, 2023
Hold a certificate of approval in the prescribed form from the State government. Produce an income tax clearance certificate in the prescribed form. Be Indian (except with previous approval of central government). Also, Mining lease will not be provided if total area covered exceeds ten square miles.
For rental agreements made for a tenancy period of 11 months or less, a stamp paper of Rs 100 or Rs 200 can be utilized. Along with this, a stamp duty i.e. equals the lesser of 1% of the total rent plus the deposit paid annually or Rs 500 is also payable.
Stamp Duty in MP is 7.5% for all the property buyers. The charges are to be paid while the new property is bought or even if the property is transferred.
Madhya Pradesh Stamp duty on Indemnity Bond: Rs. 1,000. Refer: Article 37 of the Schedule I-A of the Indian Stamp Act, 1899 as modified by the Indian Stamp (Madhya Pradesh) Amendment Acts.
Eligibility Hold a certificate of approval in the prescribed form from the State government. Produce an income tax clearance certificate in the prescribed form. Be Indian (except with previous approval of central government). Also, Mining lease will not be provided if total area covered exceeds ten square miles.
As per Schedule 1-A Article - 33 of the Indian Stamp Act, the petitioner is liable to pay stamp duty @ 4% of the total value of the royalty fixed by the M.P. State Mining Corporation which comes to Rs. 10,62,000/-.
In FORM N: Prospective license by paying application fee of Rs. 10,000, Survey Charge Rs. 2500 and deposit amount of Rs. 25,000 per hectare.
A mineral lease is a contract between a mineral owner (the lessor) and a company or working interest owner (the lessee) in which the lessor grants the lessee the right to explore, drill, and produce oil, gas, and other minerals for a specified period of time.
The Mineral Leasing Act (MLA) is a United States federal law that authorizes the leasing of public domain lands for exploring and developing coal, oil, natural gas, and other minerals.
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