Can a corporate buy agricultural land in maharashtra

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Company can buy agricultural land in maharashtra. Purpose is to develop it into farmhouse plots and sell. Land is around 50 acres and can be sold into plots of 1.5 acres each. Directors of te company are not agriculturists, but intend to retain 5 acres of land for agricultural purpose.Mar 5, 2010

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Answer

How to buy agricultural land in Maharashtra?

You need to be an agriculturist to buy agricultural land in Maharashtra. Agriculturalist from any other state can also buy agricultural land in Maharashtra. You will have to show a farmers certificate and copy of land record in which your name is mutated.

Can a private limited company buy agricultural land?

While on the one hand you say that agricultural land can be owned only & only by ancestral farmers and strictly not otherwise, you have also mentioned that a private limited company can buy agricultural land and develop and perform agricultural activities on it.

Can non-farmers buy agricultural land in Karnataka?

The Karnataka Land Reforms Act, 1961, which initially restricted non-farmers to buy land was later amended in 1995, and allowed those with an annual income of less than Rs 2 lakh to buy. In 2015, another amendment allowed even those with an annual income of up to Rs 25 lakh to buy agricultural land after the conversion.

What is the validity of agricultural land certificate in Maharashtra?

Not only yourself but your Son (For his entire lifetime) & your Daughter (Unless she gets married) will be eligible to purchase any Agricultural Land anywhere in Maharashtra. i.e a Single certificate will have the validity of atleast 40 years.

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Can a company buy farm land?

Karnataka government notifies Ordinance on opening up market for non-irrigated farm land. Now any Indian, or a trust, society, company or an educational institution can buy farmland in Karnataka regardless of the buyer’s annual income from non-agricultural sources.


Can a company buy agricultural land in India?

Therefore company constituted as a juristic person under the Companies Act cannot be considered to be an “agriculturist”. With this we have to conclude that due to provisions made in the Section 63 of the Act, company cannot buy agricultural land for agricultural purpose.


Can cooperative society buy agricultural land in Maharashtra?

Agricultural land in the state of Maharashtra can only be purchased by Agriculturist. Before purchasing such lands therefore ask the owner of the land to get N.A. (Non Agri use by Collector) done. Only after the N.A. it is safe to buy such land.


Who can purchase agricultural land in Maharashtra?

farmersIn Maharashtra, only farmers can buy agricultural land. If one of the parents or grandparents of a person is a farmer, then such person is also entitled to purchase. If a person owns agricultural land elsewhere in India, he can still be considered a farmer in Maharashtra.


How much agricultural land can a company own in Maharashtra?

As per this decision, there will be no restriction on holding more than 54 acre of land. The amendment enables developers to buy unlimited acres of land for development of integrated townships and construction of affordable houses in Maharashtra.


Can a company lease agricultural land in Maharashtra?

Due to restrictions contained in the Section 63 of the Bombay Tenancy & Agricultural Lands Act, 1948, a pvt. ltd. company cannot buy agricultural land for agricultural purpose in Maharasthra.


How can I buy agricultural land if Im not a farmer in Maharashtra?

Now NON agriculturist can purchase agriculture land in Maharashtra without prior approval of collector. Read amended Section 63 of the Maharashtra Tenancy and Agricultural Land Act, 1948 (“MTAL”). only agriculturists can purchase agricultural land. If either of a person’s parents or grandparents are agriculturists.


Can a LLP buy agricultural land in Maharashtra?

After the 2016 amendment of the Maharashtra Tenancy and Agricultural Lands Act, 1948, any company can buy an agricultural land for industrial purposes. As in this case, the industrial purpose, if any, is also agricultural in nature, there should not be any problem in acquiring the agricultural land by an LLP company.


Can a trust buy agricultural land in Maharashtra?

Yes you can form trust and buy agriculture land in Maharashtra. yes trust can buy agricultural land in Maharashtra.


Can a company buy a land?

03 March 2011 Yes a Pvt Ltd company can buy a Agricultural Land if allowed by its Memorandum of Association.


How much agricultural land can a company own in India?

Also, companies and organisations can hold up to a maximum of 15 acre and for holding more than this limit, it should get exemption under section 81(3) of KLR Act.


Can a non farmer buy agricultural land in India?

Across India, NRIs and foreign nationals cannot buy agricultural land/plantation property/farmhouse. However, they can inherit agricultural land. Provides information by state in alphabetical order. Before you plan to buy agricultural land in India, you should know that the legal procedure varies from state to state.

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