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Date: 2025-05-15 Category: Not Applicable State: Union Government Country: India

Offshore Areas Mineral Auction Amendment Rules 2025

Issued by Ministry of Mines · Not Applicable

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Executive Summary & Key Takeaways

The Ministry of Mines has issued a notification on May 14, 2025, in New Delhi, amending the Offshore Areas Mineral (Auction) Rules, 2024. These amendments are called the Offshore Areas Mineral (Auction) Amendment Rules, 2025, and will take effect on the date of their publication in the Official Gazette. The amendment modifies Schedule I of the Offshore Areas Mineral (Auction) Rules, 2024, by revising the explanation in clause (1). The original wording concerning subsidiary companies is replaced to state that if an applicant is a subsidiary company, the net worth of the holding company may be considered regardless of whether the holding company is incorporated in India or outside India. The original rules were published on August 14, 2024, under number G.S.R. 502 (E). For reference, the file number for this notification is F. No. M.VI-1/7/2023-Mines VI, and it is signed by Dinesh Mahur, Joint Secretary.

Key Entities Referenced

Offshore Areas Mineral (Auction) Rules, 2024: The principal rules being amended by this notification Offshore Areas Mineral (Auction) Amendment Rules, 2025: The main subject of the notification: rules amending the 2024 Rules Offshore Areas Mineral (Development and Regulation) Act, 2002: The enabling legislation under which the rules are framed Ministry of Mines: The ministry issuing the notification
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-15052025-263103 CG-DxLx-xEG-I1D5H0x5x2x0 25-263103 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण्‍ड 3—उप-खण्ड‍ (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 268] नई दिल्ली, बुधिार, मई 14, 2025/ििै ाख 24, 1947 No. 268] NEW DELHI, WEDNESDAY, MAY 14, 2025/VAISAKHA 24, 1947 खान मत्रं ालय अजधसचू ना नई दिल्ली, 14 मई, 2025 सा.का.जन. 311(अ).— केन्द्रीय सरकार, अपतट क्षेत्र खजनि (जिकास और जिजनयमन) अजधजनयम, 2002 (2003 का 17) की धारा 35 द्वारा प्रित्त िजियों का प्रयोग करत े हुए, अपतट क्षेत्र खजनि (नीलामी) जनयम, 2024 का संिोधन करने के जलए जनम्नजलजखत जनयम बनाती है, अर्ाात:् - 1. (1) इन जनयमों का संजक्षप्‍त नाम अपतट क्षेत्र खजनि (नीलामी) संिोधन जनयम, 2025 ह।ै (2) य ेरािपत्र म ेंउनके प्रकािन की तारीख को प्रिृत्त होंगे। 2. अपतट क्षेत्र खजनि (नीलामी) जनयम, 2024 म,ें अनुसूची 1 के स्ट्पष्टीकरण में, खडं (1) में, "यदि आिेिक भारत म ें जनगजमत", िब्िों से िरूु होन ेिाले और "मालजयत पर भी जिचार दकया िा सकता ह:ै", िब्िों के सार् समाप्त होन ेिाल ेभाग के स्ट्र्ान पर, "यदि आिेिक एक समनुषगं ी कंपनी ह,ै ऐसी समनुषंगी कंपनी की जनयंत्री कंपनी की िुद्ध मालजयत पर भी जिचार दकया िा सकेगा और जनयंत्री कंपनी भारत में या भारत के बाहर जनगजमत हो सकती ह:ै", िब्‍ि रखे िाएंगे। [फा. सं. एम.VI-1/7/2023-खान VI] दिनेि माहुर, संयुि सजचि टटप्प‍ ण.— मूल जनयम, भारत के रािपत्र, असाधारण, भाग 2, खंड 3, उपखडं (i) म ेंकी संखयांक सा.का.जन. 502 (अ) तारीख 14 अगस्ट्त, 2024 द्वारा प्रकाजित हुए र्े। 3157 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF MINES NOTIFICATION New Delhi, the 14th May, 2025 G.S.R. 311(E).— In exercise of the powers conferred by section 35 of the Offshore Areas Mineral (Development and Regulation) Act, 2002 (17 of 2003), the Central Government hereby makes the following rules to amend the Offshore Areas Mineral (Auction) Rules, 2024, namely:— 1. (1) These rules may be called the Offshore Areas Mineral (Auction) Amendment Rules, 2025. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Offshore Areas Mineral (Auction) Rules, 2024, in Schedule I, in the Explanation, in clause (1), for the portion beginning with the words “an applicant is a subsidiary” and ending with the words “company may also be considered”, the words “an applicant is a subsidiary company, the net worth of the holding company of such subsidiary company may also be considered and the holding company may be incorporated in India or outside India” shall be substituted. [F. No. M.VI-1/7/2023-Mines VI] DINESH MAHUR, Jt. Secy. Note. — The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 502 (E), dated the 14th August, 2024. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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