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?
Answered on: 9/17/13, 10:43 am by Fca Prashant Chavan
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.
Did you find this answer helpful?
0 Users found this answer helpful.
0 Attorneys agree with this answer.
Expert Edge LLP email@example.com "always A Step Ahead", Mumbai 52► Other answers from this attorney