Benami property to be confiscated by Central Government under 2016 amendment
This document is the Benami Transactions (Prohibition) Amendment Act, 2016, enacted by the Indian Parliament to amend the Benami Transactions (Prohibition) Act, 1988. It matters to citizens as it prohibits benami transactions and provides for confiscation of benami property.
The public, particularly individuals involved in benami transactions or holding benami property.
- The Act amends the Benami Transactions (Prohibition) Act, 1988 to prohibit benami transactions.
- Property subject to benami transactions shall be liable to confiscation by the Central Government.
- Benamidar shall not re-transfer benami property to the beneficial owner or any other person acting on his behalf.
- Re-transfer of property in contravention of the provisions shall be deemed null and void.
Written from the document by AI, and checked against it. The original below is authoritative.
The original document
Document details
| Official title | When Law Is Corrected But File Stays Closed: Benami Confiscation After Manjula |
| Source body | Government documents surfaced by the press |
| Reference number | 43f584cae3839387 |
| Status | closed (parliament) |
| Year | — |
| Closing date | — |
| Documents | 1 |