Benami Transactions (Prohibition) Act

URI: https://gptkb.org/entity/Benami_Transactions_(Prohibition)_Act
GPTKB entity
Statements (29)
Predicate Object
gptkbp:instanceOf gptkb:Indian_legislation
gptkbp:administeredBy gptkb:Department_of_Revenue,_Ministry_of_Finance
gptkbp:amendedBy gptkb:Benami_Transactions_(Prohibition)_Amendment_Act,_2016
2016
gptkbp:citation Act No. 45 of 1988
gptkbp:country gptkb:India
gptkbp:dateEnacted 1988
gptkbp:defines benami transaction is a transaction where property is held by one person but paid for by another
gptkbp:enactedBy gptkb:Parliament_of_India
gptkbp:longTitle An Act to prohibit benami transactions and the right to recover property held benami
gptkbp:penalty imprisonment
fine
gptkbp:prohibits benami transactions
gptkbp:providesFor adjudicating authority
confiscation of benami property
prosecution of offenders
appellate tribunal
gptkbp:purpose prevent circumvention of law through benami property
prohibit benami transactions
gptkbp:relatedTo gptkb:Income_Tax_Act,_1961
gptkb:Prevention_of_Money_Laundering_Act,_2002
gptkbp:section Section 2 defines benami transaction
Section 3 prohibits benami transactions
Section 5 provides for confiscation of benami property
gptkbp:shortName gptkb:Benami_Transactions_(Prohibition)_Act
gptkbp:status in force
gptkbp:bfsParent gptkb:Prevention_of_Money_Laundering_Act
gptkbp:bfsLayer 9
https://www.w3.org/2000/01/rdf-schema#label Benami Transactions (Prohibition) Act