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Can a Private Limited Company lease farm land for agriculture


03-Mar-2023 (In Landlord/Tenant Law)
Hi, I want to know whether a Private Limited Company registered in Bangalore, can lease a farm land for agricultural purposes? If yes, can you please help me with lease deed and how much will it cost?
Answers (1)

Answer #1
749 votes
If the company has registered agricultural activities in the primary objectives listed in the company's memorandum of association.
There are 6 companies that cannot take lease of such land, if the concerned company is one of such then a lease cannot be granted.
If the company you are mentioning is eligible to lease the land, a lease deed can be entered into.

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