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[Cites 0, Cited by 0] [Section 5(10)] [Section 5] [Entire Act]

Union of India - Subsection

Section 5(10)(c) in Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Rules, 2016

(c)provide a performance security to the State Government in the form of a bank guarantee in the format specified in Schedule IV or as a security deposit for an amount equivalent to 0.25% of the value of estimated resources, and such performance security may be invoked by the State Government in accordance with the terms and conditions of the prospecting licence.