Mines and Minerals (Regulation and Development) Act, 1957. Country/Territory India Document type Legislation Date 1957 (1972) Source FAO, FAOLEX Long titleAn Act to provide for the regulation of mines and the development of minerals under the control of the Union. Subject Mineral resources Keyword Minerals Mining Concession Royalties/fees Authorization/permit Geographical area Asia, Southern Asia Abstract This Act regulates mining activities in India. It consists of 33 sections and 3 Schedules. Sections 4 to 9 contain provisions on prospecting mining licences and mining leases, restrictions on the grant of licences and leases, royalties in respect of mining leases. An application for a prospecting licence or a mining lease in respect of any land in which the minerals vest in the Government shall be made to the State Government and shall be accompanied by the prescribed fee (sects. 10 to 12). The Full text English Website www.india.gov.in