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Coal Mines (Nationalisation) Act, 1973 Schedule I

Title: Schedule

State: Central

Year: 1973

..... Jubbalpore 17,80,000 383. New Majri ... Post Office Shivaji Nagar, Chanda Sethia Mining & Manufacturing Corporation, 4, Bakul Bagan Row, Calcutta-25 10,10,000 384. Rajur ... Post Office Rajur Rajkumar Mining Company 75,000 385. Sasti ... Post Office Ballarpur Ballarpur Collieries Company Limited, Temple Road, Post Box No. 11, Nagpur Amount included in the amount specified against Sl. No. 379 386. Shri Mahakali ... Post Office Mahakali Shri Mahakali Coal Mines Limited, 23B, Netaji Subhas Road, Calcutta-1 (Under Liquidator) 4,000 MEGHALAYA Khasi and Jaintia Coalfields 387. Barsera ... Assam Bengal Cement Company Limited, 7, Wellesly Place, Calcutta-1 4,000 388. Cherapunji ... Post Office Cherapunji, District Kand J. Hills The Cherrachhatak Ropeway Company Limited, 1 & 2, Old Court House Corner, Calcutta- 1 4,000 389. Laitryngew ... .....

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Coal Mines (Nationalisation) Act, 1973 Complete Act

State: Central

Year: 1973

.....the above two Acts. Some of the important amendments which the Ordinance proposed were as follows:- (a) the definition of "mine'' inthe Coking Coal Actandthe Coal Mines Actincluded all coal and coke belonging to the owner of the mine whether in stock or in transit and all coal under production in a mine on a day immediately prior to the date on which the coal mines were nationalised. Accordingly, the amounts specified in the Schedules to the two Acts included the value of the coke and coal in stock lying at the mines at the time of nationalisation. The Supreme Court, however, in a recent case, while agreeing with the contention that the coke and coal stocks lying at the mine vested in the Government as a result of nationalisation, took the view that the value of coke and coal stocks had to be taken into account for balancing the position of accounts as on the date immediately preceding the date of nationaliiation. This would have involved double payment of the amount in as much as the value of the coke and coal stocks had already been included in the amounts mentioned in the Schedules to the Acts against each coal mine. In order to make the intention clear sections 10and22 of.....

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Coal Mines (Taking over of Management) Act, 1973 Complete Act

State: Central

Year: 1973

.....take over, or carry on. the management of the coal mine: (e) "Government company "has the mean ing assigned to it bysection 617 of the Companies Act, 1956-: (f) "managing contractor" means inc person, or body of persons, who. with the previous consent in writing of the State Government, has entered into an arrangement, contract or understanding, with the owner of the coal mine under which the operations of the mine are substantially controlled by such person or body of persons: (g) "mine" means any excavation where any operation for the purpose of searching for or obtaining minerals has been or is being carried on. and includes- (i) all borings and bore holes: (ii) all shafts, whether in the course of being sunk or not: (iii) all levels and inclined planes in the course of being driven: (iv) all open cast workings: (v) all conveyors or aerial ropeways provided for the bringing into or removal from a mine of minerals of other articles or lor the removal of refuse therefrom: (vi) all lands, buildings, works, adits, levels, planes, machinery and equipments, instruments, stores, vehicles, railways, tramways and sidings in, or adjacent to, a mine and used for the purposes.....

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