Can trust purchase and hold agricultural land in gujarat
This query is : Resolved
21 October 2012
THERE IS A CHARITABLE TRUST. TRUST WANTS TO PURCHASE AN AGRICULTURAL LAND. ONE OF THE TRUSTEE IS A FARMER BUT HE DONT HAS THE MONEY. CAN TRUST GIVE HIM LOAN AND THEN HE GIVE IT AS A GIFT TO THE TRUST? THE LAND IS IN GUJARAT AND TRUST DONT WANT IT TO HAVE NA STATUS OF THE LAND.
Anand Modi
(Expert)
24 October 2012
No trust cannot obtain agricultural land.
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