Trust

Srikant Kumar (Querist) 14 August 2010 This query is : Resolved
Can a Trust Purchase an agricultural land ?
If so, what are the modalities???????

Plz reply ASAP.

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Devajyoti Barman (Expert) 14 August 2010
From which do you belong because in certain states there is bar in purchasing the agricultural land by non farmers. If there is no such bar in your state and there is provision in the trust deed for purchasing immovable property then certainly the trust can purchase.

Srikant Kumar (Querist) 14 August 2010
The Trust is in Tamil nadu.

Can You plz tell me whether there is any restriction on trust to acquire agri land in Tamil Nadu??????????