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Rishabh (MD)     02 January 2012

Operate a pvt ltd co. farm plots

Hi, Myself want to conduct a business of buying agricultural land, developing the same into farm houses i.e construct house, sheds, barns, accessorise the farm with flowers , fruit and vegetable plantation and then sell it a ready farm house. For this business activity should i form a PVT LTD company  to do the buying/selling and development OR nuy in personal name and let the company do only development. 

Further clarification - Will the co. be able to buy agri land, if yes, what should be MOA

My father is an agriculturist, hence i assume im eligible to buy agri land. The directors of the company shall be me and my real brother.

Pls advise.

 



Learning

 2 Replies

ABHIJEET PARIKH (Bcom LLB MBA)     03 January 2012

U can form a Pvt Ltd company make the MOA n AOA in such a way so that it invovles d list of activity u stated yes company will able to buy agriculture land one u make ur object clause of MOA 

 

Regards

Abhijeet

Rishabh (MD)     06 January 2012

Hi Abhijeet, Thanks for the reply, in that case will i have to take permission from the collector to buy and sell agricultural land. Should i  instead, buy and sell in  individual name and use the company only for development  purposes. pls advise


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