Ministry of Coal
The Coal India (Regulation of Transfers and Validation) Act, 2000, is an Indian law that empowers the Central Government to transfer land, mining rights, and related assets among Coal India Limited and its subsidiary companies. The Act also validates certain past transfers. It streamlines the operational structure of Coal India and its subsidiaries.
Act Background and Ministry Under Which This Act Is:
The Coal India (Regulation of Transfers and Validation) Act, 2000, was enacted to facilitate better management and transfer of assets between Coal India Limited and its subsidiaries. This act addresses the transfer of land, rights, and interests related to coal mining. Though not directly stated, it functions under the Ministry of Coal in India.
Enactment Date, Number of Chapters, Number of Sections:
The Act was enacted on December 8, 2000. It contains 4 sections, addressing definitions, powers of the Central Government, and validation of certain transfers.
Act Governed By:
The Act is primarily governed by its own provisions. It empowers the Central Government to direct the transfer of land and rights related to coal among Coal India and its subsidiaries. It also validates transfers that took place before the enactment of the act. It specifies the rights and liabilities of the company that is receiving the transfer.
On Whom it is Applicable:
The Act applies to Coal India Limited, its subsidiary companies, and any other Government company designated by the Central Government. It also applies to all land, rights, and interests related to coal mining which are vested with Coal India and its subsidiaries.
Penalties/Punishments:
This Act does not lay down any specific penalties or punishments. The primary function of the act is to regulate and validate transfers. However, any contravention of these provisions may bring legal challenges.
Important Pointers:
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Transfer of Assets: It empowers the Central Government to transfer land and rights from Coal India to its subsidiaries.
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Subsidiary Companies: The Act defines the subsidiary companies of Coal India Limited.
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Mining Leases: It specifies that subsidiaries are deemed to be lessees for mining rights.
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Validation of Transfers: It validates past transfers that may not have followed the correct procedures.
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No Legal Challenges: This act prevents court actions against subsidiaries regarding previous transfers.
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Government Power: The act provides the power to the Central Government to manage the assets.
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Operational Flexibility: It allows for operational flexibility by facilitating transfer between companies.
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Streamlined Operations: It streamlines the operational structure of Coal India and its subsidiaries.
Act Copy: