15 September 2010
yes, a private limited company can buy the agricultural land and also carry on agricultural activities on the land. object clause of the MOA may be amended for the purpose. what type of example u want ? We have many companies who are doing this and in some of cases appeals have also been decided by ITAT in assessee's favour.
15 September 2010
Can you please provide sample MOA for such company, also please name few companies? Can such company latter apply for conversion of such land to Non-Agriculture land and do real- estate or other activities on such land?
16 September 2010
Can you please provide sample MOA for such company, also please name few companies? Can such company latter apply for conversion of such land to Non-Agriculture land and do real- estate or other activities on such land?
24 September 2010
In India every person wether natural or artificial can buy agricultural land and can engage in the agricultural activities if permitted by mou. If the mou not contained the agricultural object dispite of that an pvt.ltd. co can buy agricural land as investment.the coversion of such land into non agricultural land depends upon the local law of land.
CAclubindia
