Benami Transactions (Prohibition) Act
GPTKB entity
Statements (29)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
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
|
| https://www.w3.org/2000/01/rdf-schema#label |
Benami Transactions (Prohibition) Act
|
| 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 |
6
|