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ABHISHEK JAIN (SERVICE)     16 April 2009

SELL OF AGRICULTURE LAND TO COMPANY FOR INDUSTRIAL USE

As per section 63-1A of the Bombay tenancy and Agricultural Lands Act, 1948, it shall be lawful for a person to sell and, and without permission to the Collector, TO ANY PERSON who is or is not an agriculturist and who intends to convert the same to bona fide industrial use..............

My query is that does this section allows an indivitual to sell his agriculture land to a Company?

If yes, what formalities to be complied with under the Companies Act, 1956 and the other Lands act?
 



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