Land ceiling act
Abhinaya
(Querist) 29 September 2011
This query is : Resolved
Is there any way wherein i can buy 3000 acre of land for agriculture purpose, Land Ceiling Act provides cap of 25 acres for one Company.
If a form a Agricultural Company and buy land therein, will it have any exemption.
Sailesh Kumar Shah
(Expert) 29 September 2011
Dear Abhinaya,
In India, Law related to agricultural Land is differ in every state. You should state in which you are planning buy agricultural land about state to get answer right.
Ganesh Chavan
(Expert) 29 September 2011
Mr.Shailesh Shah is right If you are In Maharashtra State Under Bombay Tenancy and Agricultural lands Act, 1948 As per Section 63 1A the permission of the District Collector is not required for purchasing land admeasuring less than 10 hectares for bonafied industrial purpose. However, it is necessary to inform the concerned Revenue Authorities within 30 days regarding commencement of use of the land for industrial purpose for a Company and the Collector levies appropriate N.A. assessment charges for the land for the change in end use of the land.For purchasing agricultural land, exceeding 10 Hector for bonafied industrial purpose, are conferred to Development Commissioner (Industries). The promoters of an industrial undertaking have to apply for the permission in the prescribed Form.if the company intends to purchase land under specific purpose mentioned in that section like industrial or special township project,then Development Commissioner /Reveunue Minister grant permission to purchase land in that specific area.And in that case there is no ceiling limit .
Abhinaya
(Querist) 29 September 2011
Thanx Shailesh,
State in question is Bangalore and Maharashtra.
Regards,
Ganesh Chavan
(Expert) 29 September 2011
As I Stated above, Yes company can hold land more than ceiling limit.
