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Core Purpose

This notification amends the Coal Blocks Allocation Rules, 2017, to allow for the substitution of performance bank guarantees with insurance surety bonds.

Detailed Summary

The Ministry of Coal, exercising powers conferred by sub-section (1) and clause (d) of sub-section (2) of section 13 of the Mines and Minerals (Development and Regulation) Act, 1957 (67 of 1957), issued G.S.R. 508(E) on June 22, 2026, to further amend the Coal Blocks Allocation Rules, 2017. These new rules, called the Coal Blocks Allocation (Amendment) Rules, 2026, come into force on their publication date in the Official Gazette. The amendments include substituting the words "performance bank guarantee" with "performance bank guarantee or insurance surety bond" wherever they occur in rule 8 of the principal rules. Additionally, a new sub-rule (9A) is inserted after sub-rule (9), granting any successful allocatee who provided a performance bank guarantee prior to the commencement of the 2026 amendment rules the option to replace it with an 'insurance surety bond'. The principal rules were originally published vide G.S.R. 877(E) dated July 13, 2017, and subsequently amended by G.S.R. 300(E) dated May 18, 2020, and G.S.R. 394(E) dated May 29, 2023.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-25062026-273810 EXTRAORDINARY PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY No. 457] NEW DELHI, MONDAY, JUNE 22, 2026/ASHADHA 1, 1948 4615 GI/2026 (1) 2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF COAL NOTIFICATION New Delhi, the 22nd June, 2026 G.S.R. 508(E). — In exercise of the powers conferred by sub-section (1) and clause (d) of sub-section (2) of section 13 of the Mines and Minerals (Development and Regulation) Act, 1957 (67 of 1957), the Central Government hereby makes the following rules further to amend the Coal Blocks Allocation Rules, 2017, namely:- 1. (1) These rules may be called the Coal Blocks Allocation (Amendment) Rules, 2026. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Coal Blocks Allocation Rules, 2017, (i) in rule 8, — for the words "performance bank guarantee", wherever they occur, the words "performance bank guarantee or insurance surety bond" shall be substituted; (ii) after sub-rule (9), the following sub-rule shall be inserted, namely:- "(9A) Any successful allocatee who has provided a performance bank guarantee prior to the commencement of the Coal Blocks Allocation (Amendment) Rules, 2026, shall have the option to replace the 'performance bank guarantee' with an 'insurance surety bond'." [F. No. 11022/01/2015-CA-III] RUPINDER BRAR, Addl. Secy. Note.— The principal rules were published in the Gazette of India, Part II, Section 3, Sub-section (i), vide notification number G.S.R. 877(E), dated the 13th July, 2017 and subsequently amended vide notification number G.S.R. 300(E), dated the 18th May, 2020 and vide notification number G.S.R. 394(E), dated the 29th May, 2023. 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. KUMER | Digitally signed by CHAND | KUMER CHAND MEENA | MEENA Date: 2026.06.25 | 11:07:26 +05'30'

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