Could a private limited company in Karnataka lease agricultural land for modern farming practices? The company intends to invest in technology to boost farm output, ensuring the land remains dedicated to agriculture. Is this permissible? If so, what legal provisions govern this process, and are there any specific conditions or procedures to follow?

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Law Forum › Category: Property › Could a private limited company in Karnataka lease agricultural land for modern farming practices? The company intends to invest in technology to boost farm output, ensuring the land remains dedicated to agriculture. Is this permissible? If so, what legal provisions govern this process, and are there any specific conditions or procedures to follow?
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Apni Law Staff asked 9 months ago

Could a private limited company in Karnataka lease agricultural land for modern farming practices? The company intends to invest in technology to boost farm output, ensuring the land remains dedicated to agriculture. Is this permissible? If so, what legal provisions govern this process, and are there any specific conditions or procedures to follow?

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Apni Law Staff answered 9 months ago

Yes, a private limited company in Karnataka can lease agricultural land for modern farming practices. The Karnataka Land Reforms Act, 1961, allows companies to lease agricultural land for agricultural purposes, including modern farming techniques. The lease agreement must be registered with the Sub-Registrar of Assurances and must specify the terms of the lease, including the duration, rent, and the intended agricultural practices.

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