This Act seeks to grant the Central Government the right, title and interest of the coal mines specified in the Schedule of the Act and states that the government shall make payments as mentioned in the Act to the former owners of the coal mines. The Act also contains provisions on the management of coal mines, appointment of a Commissioner of Payments who shall have the power to hear claims of coal mines owners against non-payment by the government. Additionally, the Act lists out the penalties for violation of provisions of this Act.
Attached files Long title of textAn Act to provide for the acquisition and transfer of the right, title and interest of the owners in respect of the coal mines specified in the Schedule with a view to re-organising and reconstructing such coal mines so as to ensure the rational, co-ordinated and scientific development and utilisation of coal resources consistent with the growing requirements of the country, in order that the ownership and control of such resources are vested in the State and thereby so distributed as best to subserve the common good, and for matters connected therewith or incidental thereto.
Date of text 30 May 1973 Entry into force notesSections 30 and 31 enter into force immediately and the remaining provisions of this Act shall be deemed to enter into force on the 1 May 1973.
Provisions of sections 30 and 31 shall come into force on 30th May, 1973 and the remaining provisions of this Act shall be deemed to have come into force on the 1st day of May, 1973