Can trust purchase and hold agricultural land in gujarat
This query is : Resolved
21 October 2012
THERE IS A CHARITABLE TRUST. TRUST WANTS TO PURCHASE AN AGRICULTURAL LAND. ONE OF THE TRUSTEE IS A FARMER BUT HE DONT HAS THE MONEY. CAN TRUST GIVE HIM LOAN AND THEN HE GIVE IT AS A GIFT TO THE TRUST? THE LAND IS IN GUJARAT AND TRUST DONT WANT IT TO HAVE NA STATUS OF THE LAND.
24 October 2012
No trust cannot obtain agricultural land.
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