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After due approval from Government of India (if required) State Government issue a letter to applicant to submit approved Mining Plan from Indian Bureau of Mines. After submission of Mining Plan the grant order is issued. Q.9- Who execute the lease agreement of Prospecting License/Mining Lease? Ans.- District Collector of concerned district.
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09/08/2013· Supreme court of India in Associated Hotels v. R. N. Kapoor formulated the test for ascertaining whether a transaction is lease or license. 1) If the deed creates an interest in the property, it is a lease, whereas if it only permits another to make use of the property on which the legal possession continues with the granter, it is a license. 2) If the deed transfers exclusive possession of ...
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What is a Licence Agreement? In contrast to a lease, a licence agreement is used where the:. licensor and licensee have an intention to create a legal relationship; but; the licensor will not provide the licensee with exclusive possession of the premises.; You may wish to enter into a licence agreement if you, the licensee, intend only to use part of the premises.
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You don't sign a lease agreement when you rent a house, even though you often hear people say that they're on a lease. What is usually signed is a leave and license agreement.This suits the property owner just fine as it gives fewer rights to the tenant.
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Difference between Lease and Licence. The term 'lease' and 'license' are defined under Section 105 of the Transfer of Property Act and Section 52 of the Indian Easements Act respectively. Section 105 of Transfer of Property Act: "Lease Defined. A lease of immovable property is a transfer of a right to enjoy such property, made for a certain time, express or implied, or in perpetuity ...
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