Can a LLP company buy agricultural land?
1] A pvt. ltd. company/partnership firm/ LLP is allowed to buy land for agriculture.
Can a private limited company purchase 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.
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.
Can a company buy agriculture land in Maharashtra?
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.
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 private limited company buy agricultural land in India?
03 March 2011 Yes a Pvt Ltd company can buy a Agricultural Land if allowed by its Memorandum of Association.
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.
What documents are required to buy agricultural land in Maharashtra?
Legal tips for buying agricultural land in IndiaTitle deed of the land plot.Agreement for sale.Stamp duty on the land.Registration of the land.Conveyance deed or sale deed of the land.Tax receipt and bills.Encumbrance certificate.Measuring the land.More items…•
How much agricultural land Can a person own in Maharashtra?
54 acresMaharashtra: In Maharashtra, a person who is already in the agriculture sector only can purchase agricultural land in Maharashtra. The maximum limit for holding land is 54 acres. West Bengal: According to the West Bengal Land Reforms Act, private ownership of agricultural land in the State 24.5 acres.
Can a company do agricultural business?
By virtue of its objects and articles, as regd. under the companies act, the Pvt. Ltd., (now non-person) can function and perform agricultural activities and need not be a agriculturist as in the case of an individual person.