FAMILY
Family consisting of not more than 5 members
2) Under this Act, Companies can hold up to 30 standard acres of agricultural land.
3) In case the Company buys agricutural land in excess of the 30 standard acre ceiling limit, it can obtain exemption from the ceiling under S.37-A of the Act
4) SECTION 37-A
GRANT OF PERMISSION TO INDUSTRIAL or COMMERCIAL UNDERTAKINGS TO ACQUIRE or HOLD LAND ACQUIRED IN EXCESS OF CEILING
Permission under section 37-A of the Act to be obtained from the Government. Application is to be filed in Form 36 prescribed under the rules
The High Court in the year 2002 held - prior permission for purchasing the lands is mandatory
Amendment Act 23 of 2010 passed for permitting those who had purchased the excess land without approval to obtain Government permission
Application within 180 days to hold any land acquired in excess of the ceiling area purchased before 25.11.2010, and within 180 days from the date of purchase of lands acquired after 25.11.2010
The following documents should be produced:-
i) Certificate of Incorporation and MoA
ii) Project report
iii) Patta or chitta copy or sale deed document copy
iv) Annual Reports of the company for last 3 years
v) Survey No.-wise land details both within ceiling limit and excess covered u/s 37-A of the Act
vi) Copies of licenses / permisioncertificates issued by the concerned authorities for the project
4) LLP would need prior permission from state govt to purchase more than 30 acres of land
