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Section 7

Ins. by Act 16 of 2021, s. 19 (w.e.f. 28-3-2021).

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7. Ins. by Act 16 of 2021, s. 19 (w.e.f. 28-3-2021). months from the date of receipt of such application, to relax such period by a further period not exceeding one year: Provided also that where the Government company or corporation in whose favour an area has been reserved under this section before the commencement of the Mines and Minerals (Development and Regulation) Amendment Act, 2015 (10 of 2015) , has commenced production from the reserved area without execution of mining lease, such Government company or corporation shall be deemed to have become lessee of the State Government from the date of commencement of mining operations and such deemed lease shall lapse upon execution of the mining lease in accordance with this sub-section or expiry of period of one year from the date of commencement of the Mines and Minerals (Development and Regulation)AmendmentAct, 2021 (16 of 2021) , whichever is earlier. (5) The termination or lapse of mining lease shall result in the lapse of the reservation under this section.] DEVELOPMENT OF MINERALS