Concessions Act, 1962 (No. 124).

This Act provides that the Concessions Act, 1939, other than section 30, Part 4 and section 40, shall cease to apply to stool lands. A concession in respect of a stool land which was already in force before this Act shall continue in force according to the terms of the concession; but (a) the terms may be varied by agreement between the parties to the concession, subject to the written consent of the Minister; and to article 267 of the Constitution, (b) a person authorised by the Minister may use for any purpose a road made on a land specified in the concession and may enter and inspect the land for a purpose which the Minister thinks appropriate. The Minister may at any time apply to the Tribunal established by this Act to alter an existing concession. The President may cancel concessions held by foreigners if required so for public interest. A transaction which is an assignment, sub-demise, mortgage or surrender of the whole or of a part of the rights granted by a concession regarding stool lands is void unless made with the written consent of the Minister.