kishore nair (professor) 10 March 2012

Ltd. company purchase of agri-land in maharashtra

Sirs

Where and which bare act can I find the provision that a Ltd. company (whose main object clause includes agricultural activites) can buy agricultural land in Maharashtra? Will the cieling of 54 acres apply?

best wishes

Kishore Nair 9820053562

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10 Replies

bhagwat patil (Property due diligence 9422773303) 14 March 2012

You will get information in BTAL Act sec63a.no ceiling is applicable if it is more than 10 hect. You to inform to astt. Commissioner of industries

kishore nair (professor) 14 March 2012

Thanks Bhagwatji.

So, a Ltd. company (whose main object clause includes agricultural activites) can buy agricultural land of less than 10 hectares in Maharashtra?

No permissions are required?

bhagwat patil (Property due diligence 9422773303) 14 March 2012

Just mention it in your purchase deed about sec. 63A of BTAL act.

kishore nair (professor) 14 March 2012

Many thanks, Bhgwatji

Bharatkumar (ADVOCATE ) 14 March 2012

Ltd. company not purchase agriculture land for agriculture purpose as per act but if company purchase a agriculture land for indistrial purpose that time (more then 10 or 10 hector area) company take a permission of Commissioner of industries and they give a permission then u purchase a agriculture land for industies purpose.

ramneek goel (director) 11 August 2012

If a company purchases land for industrial purpose and is less than 10 hectares, is permission required or not. If the company resales that land to some other company then what is the status.

bhagwat patil (Property due diligence 9422773303) 11 August 2012

The co.can transfer to another co. By way of sale deed for bonafied industrial purpose.

ramneek goel (director) 11 August 2012

I bought agriculture land 9 hectares for bonafied industrial use. I have not taken permission under section 63-1 A. Is it necessary to take permission. If yes from which department we have to take permission.