Section 319

Where a co-operative farming society intends to purchase cultivable land adjoining the farm of the society from person other than a member of the society, it may do so at a price agreed upon between the society and the land-holder concerned : Provided that where the price mutually agreed upon between the society and the said land-holder exceeds the amount calculated in the manner provided in Sub-rule (2) or Rule 318, sanction of the Registrar prior to the purchase shall be necessary.