Legal Question in Construction Law in India

can a registered company having powers under memorandum of association to cultivate a land,purchase the agricultural land in maharashtra,india?Does it require any prior permission from Collector?

Asked on 9/17/13, 5:26 am

1 Answer from Attorneys

Fca Prashant Chavan Expert Edge LLP

17.09.2013

Dear Sir / Madam,

YES. The Company can purchase land for cultivation as provided in the Memorandum & Articles of Association. Only if it is collector's land, is the prior permission of the Collector required to be obtained by the seller for its sale to the Company.

Regards,

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Answered on 9/17/13, 10:43 am


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