According to Tamilnadu land reforms Act what is the standarad acres of land can be acquied by 1. a private party 2. corporate entity, relevant notifications / provisions are needed in support of the same.
tamilarasibabu (Advocate) 22 December 2008
According to Tamilnadu land reforms Act what is the standarad acres of land can be acquied by 1. a private party 2. corporate entity, relevant notifications / provisions are needed in support of the same.
AEJAZ AHMED (Legal Consultant/Lawyer) 22 December 2008
Dear Mr. Tamilarasibabu,
Following is the details as need:
I) | For a family consisting of 5 members | 15 Standard Acres. |
i. | Each Additional Member | 5 Standard acres |
ii | Over all ceiling area | 30 Standard acres |
2) | Charitable trusts which were in existence as on1.3.72 were allowed ceiling area | 5 Standard acres |
3) | All trusts were prohibited to acquire agricultural lands after 1.3.72 |
Prakash Yedhula (Lawyer) 24 December 2008
The provision of Land Reforms Act states that a family with five members can maximum own 15 standard acres of agricultural land. Additional five acres is allowed for every member of the family, but all put together the maximum a family can own cannot exceed 30 standard acres. This ceiling is applicable for companies as well.
The company or the individual has three kinds of arrangements for holding lands. Some are owned by the subsidiary companies and in some cases the company owns only development rights to the land. In addition to these two arrangements, the companies also entirely own the lands. The land entirely owned by them is substantially large to attract the provisions of Land Reforms Act. For example, three large public limited real estate companies in their offer documents have declared that they own 67 acres, 500 cares and 46.63 acres respectively.
uma shankar (Company Secretary) 05 April 2012
But are Companies not exept under section 37-A of the Act ? Is this exemption only in respect of industrial lands ?
Kindly clarify.