**Executive Summary**
This is Corrigendum 7 to the Tender Document for Grant of Operating Rights, issued by the Ministry of Mines on June 6, 2025, pertaining to the "Invitation of Bids" dated November 28, 2024. It modifies specific clauses related to the certification by statutory auditors and shareholding patterns to align with the last day for sale of Tender Document, as specified in Clause 11. All other details remain as is in the Tender Documents.
**Key Points / Main Content**
* **Clause B (d) (iii)(a) of Schedule I Modification:**
* **Auditor Certification:** The certificate should explicitly state it was issued by the statutory auditor, and the net worth matches paid-up capital and free reserves (Explanation No. 2 and/or No. 3 to Schedule I of Auction Rules).
* **Holding Company Net Worth:** If the Bidder's holding company's net worth is considered, the shareholding pattern establishing the relationship between the Bidder and its holding company will be as of the last day for sale of Tender Document, as specified in Clause 11.
* **Clause B (d) (v) of Schedule I Modification:**
* The shareholding pattern (including promoter/owner names) must be as of the last day for sale of Tender Document, as specified in Clause 11 and certified by the statutory auditor/Company Secretary.
**Impact Analysis**
**Stakeholder:** Bidders
* **Impact:** Bidders must ensure that their statutory auditor certifications and shareholding patterns are aligned with the last day for sale of Tender Document as specified in Clause 11 of the Tender Documents.
* **Action Required:** Bidders must update their documents to reflect the correct date (last day for sale of Tender Document, as specified in Clause 11) for the shareholding pattern and auditor certification.
**Stakeholder:** Statutory Auditors and Company Secretaries
* **Impact:** Must ensure that the shareholding patterns and auditor certifications follow the amendment by being as of the last day for sale of Tender Document, as specified in Clause 11.
* **Action Required:** Ensure certifications reflect the revised requirements.
Key Entities Referenced
Tender Document: The document for Grant of Operating Rights referenced in the corrigendum.
Clause 11: A specific clause within the Tender Document that defines the last day for sale.
Ministry of Mines: The issuing ministry for the corrigendum and tender document.
New Delhi: Location of the Ministry of Mines office issuing the document.
Administering Authority
Ministry of Mines
Government of India
Shastri Bhawan,
New Delhi 110001
Date: June 06, 2025
Corrigendum 7 to Tender Document for Grant of Operating Rights issued by Administering Authority, Ministry of Mines, Government of India
(Notice Inviting Tender dated November 28, 2024)
This Corrigendum shall be applicable to all Tender Documents with reference to “Invitation of Bids for Grant of Operating Rights of Offshore Areas” dated
November 28, 2024 issued by the Administering Authority, Ministry of Mines, Government of India.
Reference
Sl. to the As per Tender Document To be read as
No. Tender
Document
1. Clause B (d) In case of a company, statutory auditors of the Bidder (certificate In case of a company, statutory auditors of the Bidder (certificate
(iii)(a) of should clearly mention that it has been issued by the statutory should clearly mention that it has been issued by the statutory
Schedule I auditor of the company and the net worth stated therein is the auditor of the company and the net worth stated therein is the sum
sum of the paid up share capital and the free reserves, in terms of the paid up share capital and the free reserves, in terms of
of Explanation No 2 and/ or No. 3 to Schedule I of Auction Rules. Explanation No 2 and/ or No. 3 to the Schedule I of Auction Rules.
In case the net worth of the Bidder’s holding company is In case the net worth of the Bidder’s holding company is
considered, the shareholding pattern establishing the considered, the shareholding pattern establishing the relationship
relationship between such holding company and the Bidder between such holding company and the Bidder shall be as of the
shall be as of the last day of the financial year considered in last day for sale of Tender Document, as specified in Clause 11.
terms of Explanation No. 2 and/ or No. 3 to Schedule I of Auction
Rules);
2. C lause B (d) Shareholding pattern including name of the promoter(s)/ Shareholding pattern including name of the promoter(s)/
(v) of owner(s) as on March 31 of the relevant financial year and the owner(s) as on the last day for sale of Tender Document, as
Schedule I latest financial year, certified by the statutory auditor/ Company specified in Clause 11, certified by the statutory auditor/
Secretary. Company Secretary.
Kindly note that all other details remain as it is as mentioned in the Tender Documents.
(Vivek Kumar Bajpai)
Administering Authority
Tel. No. 011-23384741
Email: aa-mom@gov.in