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Cooking Coal Mines (Nationalisation) Act,1972

Cooking Coal Mines (Nationalisation) Act,1972




1 Short title and commencement.
2 Declaration as to the policy of the State.
3 Definitions.
4 Acquisition of right in coking coal mines.
5 Section.
6 Central Government to be the lessee of the State Government.
7 Power of Central Government to direct vesting rights in a Government company.
8 Properties vesting in Central Government to be freed from mortgages,etc.
9 Central Government not to be liable for prior liabilities.
10 Payment of amount to owners of coking coal mines.
11 Payment of amount to owners of coke oven plants.
12 Payment of further amount.
12A Workers’ dues to be paid out of the amount
13 Communication of orders.Income derived by the owners of coking coal mines and coke oven plants after the appointed day to be refunded to the Central Government.
14 Management, etc., of coking coal mines and coke oven plants.
15 Duty of persons in charge of management of coking coal mines or coke oven plants to deliver all assets, etc.
16 Accounts and audit.
17 Liability of officer or other employee of a coking coal mine or coke oven plant for transfer to any other coking coal mine or coke oven plant.
18 Provident fund.
19 Superannuation, welfare and other funds.
20 Commissioner of payments to be appointed.
21 Payment by the Central Government to the Commissioner.
22 Statement of accounts in relation to the period of management by the Central Government, etc
22A Validation of certain collections
23 Claims to be made to the Commissioner.
23A Application of sections 5 and 12 of the Limitation Act
24 Disbursement of money by the Commissioner.
24A Interest on admitted claims
25 Recovery of excess payments made by Central Government or Custodian.
25A Notice to owners of coking coal mines or coke oven plants and managing contractors, etc
26 Disputes how to be dealt with.
27 Undisturbed or unclaimed amounts to be deposited to the general revenue account.
28 Effect of Act on other laws.
29 Contracts cease to have effect unless ratified by the Central Government.
30 Penalties.
31 Offences by companies.
32 Mining companies not to be wound up by court.
33 Delegation of powers.
34 Power to make rules.
35 Power to remove difficulties.
36 Coking coal mines to which the Act shall not apply.
Schedule 1-2

Indian Laws – Bare Acts


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