Purchase of Agricultural Land

sachin (Querist) 16 September 2010 This query is : Resolved
Dear Friends,

Can a Partnership Firm buy and hold agricultural land in its own name in the state of Maharashtra?

With a request to give your valuable inputs.

Regards,

Sachin

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Raj Kumar Makkad (Expert) 16 September 2010
Yes. The partnership firm is also a juristic person so there is no legal hurdle to retain agricultural land in its name.

bhagwat patil (Expert) 17 September 2010
if one of parteners is agriculturist,its possible.

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