22 , , 1947 - 12 , 2025
0b2662c19b8721c835787c8179a8456ecc25b1c2 · 1957 · Rajasthan
Parent: The mines and minerals (development and regulation) act, 1957 (e1aa702be2b63b0dcf64acc062764dd66b72b987)
Text
Rule TOC
13 · Payment of interest.- If any mineral concession holder or contractor of excess royalty collection contract/royalty collection contract fails to pay the contribution to the fund as specified in the sub-rule (1) of rule 12, he shall be liable to pay interest,-
14 · . Operation of the trust fund.– (1) The trust fund shall be kept in interest bearing unified PD account opened in the name of the trust in the treasury and account shall be operated under the joint signatures of the Chairperson and Treasury Officer or any authorized member of the Managing Committee.
15 · Scope of the District Mineral Foundation Trust.(1) The Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY) and other welfare schemes of the State or Central Government shall be implemented by the trust of the respective districts using the fund accruing to the trust.
26 · Administrative arrangement.– (1) The Government shall provide service of personnel working in the office of the Chief Executive Officer, Zila Parishad for management of the trust and for execution of the annual plan as may be required.
27 · Protection of action taken in good faith.- (1) The trustees shall not be liable on account of anything done in good faith, with due diligence. The trustees shall also not be liable or responsible for any banker, broker, custodian or other person in whose hands the same may, in good faith, be deposited or placed nor for the deficiency or insufficiency in the value of any investment of the trust fund nor otherwise for any involuntary loss.