Guest
(Expert) 09 July 2008
It is very much applicable. No private company can own any agricultural land uunless the said compnay is floated with the main object of using the agriculture land for agriculture only.
Private Limited company has to buy non agricultural land. Let me what purpose the Pvt ltd company wants the land for. and what its objects.
Manish Singh
(Expert) 09 July 2008
No, the said ceiling act is not applicable to any company. it was enacted for the very purpose that a farmer should not hold agriculture land more than the celing prescribed under the act as follows: Land with an assured supply of water, 18 acres Land with assured water for one crop, 27 acres Land irrigated seasonally, 36 acres Dry crop land (specified regions-paddy land), 36 acres Dry crop land, 54 acres Excess of the said ceiling was to hand to to a government agency and then to landless. But now there has been an amendment and govt is selling off the land.
a company can purchase land and pay a conversion charge for any oither use if permissible for that area.
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