Ins. by s. 17, ibid. (w.e.f. 28-3-2021). — LIST OF AMENDING ACTS

9. Ins. by s. 17, ibid. (w.e.f. 28-3-2021). (3) If the State Government does not convey its previous approval for transfer of such mining lease or 1 [composite licence 2 [or exploration licence]], as the case may be, within a period of ninety days from the date of receiving such notice, it shall be construed that the State Government has no objection to such transfer: Provided that the holder of the original mining lease or 1 [composite licence 2 [or exploration licence]] shall intimate to the State Government the consideration payable by the successor-in-interest for the transfer, including the consideration in respect of the prospecting operations already undertaken and the reports and data generated during the operations. (4) No such transfer of a mining lease or 1 [composite licence 2 [or exploration licence]], referred to in sub -section (2), shall take place if the State Government, within the notice period and for reasons to be communicated in writing, disapproves the transfer on the ground that the transferee is not eligible as per the provisions of this Act: Provided that no such transfer of a mining lease 3 [or composite licence], shall be made in contravention of any condition subject to which the mining lease or the 1 [composite licence 2 [or exploration licence]] was granted. (5) All transfers effected under this section shall be subject to the condition that the transferee has accepted all the conditions and liabilities under any law for the time being in force which the transferor was subject to in respect of such a mining lease or 1 [composite licence 2 [or exploration licence]], as the case may be. 4* * * * *

Section 9