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Durgesh Tiwari (self employed)     25 April 2013

Purchase of agricultural land by a pvt ltd

Hi,

1.Can a pvt. ltd. co purchase agricultural land in maharashta and use it for holiday home/farm house?

2.Also, do the shareholders of such a company have to be agriculturists? 

 

thanks.

Durgesh



 1 Replies

bhagwat patil (Property due diligence 9422773303)     16 February 2014

1.Can a pvt. ltd. co purchase agricultural land in maharashta and use it for holiday home/farm house? No, unless the co has main object to cultivate the crop like horticulture in main object in articles and memorandum. 2.Also, do the shareholders of such a company have to be agriculturists? No they may not.

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