Vedanta moves Delhi HC against retrospective contributions to DMF
Vedanta Limited moved the Delhi High Court on Tuesday, against an August 31, 2016 notification made by the Ministry of Coal, amending the Mines and Mineral (Contribution to District Mineral Foundation) Rules 2015 with retrospective effect from January 12, 2015.
Pursuant to the introduction of the Mines and Minerals (Development and Regulation) Amendment Act 2015, the Ministry of Coal had on September 16, 2015 notified various District Mineral Foundations (DMFs), which were deemed to have come into effect on January 12, 2015. The rules for contributions to these foundations were subsequently framed for ‘non-fuel’ and ‘fuel’ minerals in September and October 2016, respectively. According to the rules, contributions to the DMFs were to be made from January 12, 2015 for ‘non-fuel’ minerals and October 20, 2015 for ‘fuel’ minerals. Read More
Courtesy: Business Standard