Aagreement for sale for Agricultural land
saroja
(Querist) 28 March 2011
This query is : Resolved
X is a company interested to buy certain Agricultural property in Karnataka from Y and enter in to an Sale agreement with a condition that Y must convert the land into NA purpose then sell the same to X company- Is this sale agreement valid in the eye of law (as per Karnataka Land reforms Act)
In karnataka,As per Karnataka Land Refrms Act an non agriculturist/company can not purchase agricultural land
adv. rajeev ( rajoo )
(Expert) 28 March 2011
I think co., has to obtain the permission from the Ass., Commissioner.
M.Sheik Mohammed Ali
(Expert) 28 March 2011
your also given answer in your question then how can made sale deed
niranjan
(Expert) 28 March 2011
I think it is valid agreement because there is no agreement of sale of agr.land but the agreement will come into play only after the land is converted into NA.
Parveen Kr. Aggarwal
(Expert) 28 March 2011
Yes. The agreement is valid. The agreement can be said to be a contigent contract provided under section 32 of the Indian Contract Act, 1872.
"32. Enforcement of Contracts contingent on an event happening: Contingent contracts to do or not to do anything if an uncertain future event happens, cannot be enforced by law unless and until that event has happened. If the event becomes impossible, such contracts become void."
Kirti Kar Tripathi
(Expert) 28 March 2011
it is valid being contingency agreement.The definition of a contingency agreement is any contract that depends on one or more events that may or may not take place. If the occurrence(s) happens, the parties have a binding contract. In the event the expected activity does not occur as specified in the agreement, the contract becomes invalid
