Chief secretary to exempt six companies/institutions from Section 109(1A) of the Karnataka Land Revenue Act
It’s official ! Companies can buy farm land.
The cabinet recently approved the recommendation of the high-power committee headed by chief secretary to exempt six companies/institutions from Section 109(1A) of the Karnataka Land Revenue Act.
While the act debars non-agriculturists from purchasing farm land, Section 109 says certain land can be exempted from the provisions of the act for the purposes of industry and horticulture, and for educational institutions, places of worship and housing projects.
Any company wanting to buy farm land has to go through the high-power committee before approaching the cabinet.
The cabinet’s nod will allow Saipriya Sugars Ltd to buy 27 acres in Bagalkot district; Ultratech Cement Ltd 398 acres in Gulbarga district; Prakash Sponge Iron 114 acres in Chitradurga district; When-It-Strikes Crisis Management Ltd 15 acres in Kanakapura; Sharif Shivayogi Trust 2 acres in Haveri district; and Veda Vignana Maha Vidya Peeta 15 acres in Kengeri.
The cabinet also approved lease and grant of nearly 35 acres of government land to various institutions.
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