Legal Question in Construction Law in India
can a registered company having powers under memorandum of association to cultivate a land,purchase the agricultural land in maharashtra,india?Does it require any prior permission from Collector?
Asked on 9/17/13, 5:26 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
17.09.2013
Dear Sir / Madam,
YES. The Company can purchase land for cultivation as provided in the Memorandum & Articles of Association. Only if it is collector's land, is the prior permission of the Collector required to be obtained by the seller for its sale to the Company.
Regards,
Answered on 9/17/13, 10:43 am
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