Purchase of agricultural land by a public company
This query is : Resolved
CA Ranjitchukkapali
(Querist)
29 January 2016
Can a public company purchase agricultural land without any future purpose? Please give detailed explanation. If the answer is no what could be the consequences if it is already purchased.
29 January 2016
There is no restriction through any central legislation. However, some states may enforce "personal cultivation" laws. Check according to the state in which the company purchased the lands. If there is any restriction either sell the land or convert the land usage.
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