39. Period of quarrying lease

(1) The minimum period for which a lease may be granted shall be five years. 

(2) The maximum period for which a lease may be granted shall be ⁰⁹[fifteen] years. 

(3) In the case of renewal of a quarrying lease, the dead rent, royalty and surface rent shall be charged at the rates in force at the time of renewal and also at the rates in the amendments made in these rules from time to time. 

(4) A quarrying lease may be renewed for a period not exceeding ¹⁰[15]  years subject to the condition that the renewal shall not be for a period exceeding the period for which lease was originally granted. 

09. Substituted for the word “twelve” by SRO 456/2023 w.e.f. 01.04.2023.

10. Substituted for the figures “12” by SRO 456/2023 w.e.f. 01.04.2023.