Central Act
14
Section 14. Period of commencement of operating rights.
The Offshore Areas Mineral (Development and Regulation) Act, 2002
In forceAll India (Central Act)
14. Period of commencement of operating rights. A holder of operating right shall commence operation within the period specified below after the grant of the operating right and shall thereafter conduct such operation in proper, skilful and workman-like manner, as follows:-- table(a) reconnaissance permitsix months;1[(aa) composite licence one year;](b) exploration licenceone year; and (c) production leasetwo years./table