What is the minimum percentage of affected families that need to give their prior consent for acquiring land for private companies as per the LARR Act, 2013?
Explanation & Strategy
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The LARR Act mandates different consent thresholds: 80% for private company acquisitions and 70% for PPP projects. This is a major reform from the old 1894 Act which required no consent.
The text reads: Section 2(2): For acquisition for private companies, prior consent of at least 80% of affected families is required.