Buying an Agricultural Land
Vivek
(Querist) 18 August 2010
This query is : Resolved
Hi,
Please help me to understand if an agricultural land can be bought by a Private limited company in India?
The objectives are
1) to buy agriculture land and use it for contract farming
2) to buy agriculture land and convert it into non-agricultural land as per process / pay taxes and then sell it / commerical use it.
Whether this can be done in an Individual capacity also.
Thanks
Vivek
Chanchal Nag Chowdhury
(Expert) 18 August 2010
Land laws are local laws & U have not stated to which state U belong to.
However, as a general principle,a Private limited company in India or an Individual should not have any problem regarding your 1st. query unless the land in question is specially protected by any local laws e.g., there are restrictions on transfer of tribal lands to non-tribals in some states.
As regards your 2nd. query, I do not think that can be easily done unless local laws allow conversion in user.
s.subramanian
(Expert) 19 August 2010
Yes.That is right chanchal.
bhagwat patil
(Expert) 19 August 2010
In Maharastra permission vide BTAL act is required.
