Prohibition of benami transactions

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..... which may extend to three years or with fine or with both. 4 [(3) Whoever enters into any benami transaction on and after the date of commencement of the Benami Transactions (Prohibition) Amendment Act, 2016, shall, notwithstanding anything contained in sub-section (2), be punishable in accordance with the provisions contained in Chapter VII.] 4 [(4) xxxx] ******************* .....

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..... m in clauses (e) and (g) of sub-section (1) of section 2 of the Depositories Act, 1996.] 2. Old Sub Section (3) renumbered as (2) vide Benami Transactions (Prohibition) Amendment Act, 2016 , 3. Inserted vide Benami Transactions (Prohibition) Amendment Act, 2016 4. Omitted vide Benami Transactions (Prohibition) Amendment Act, 2016 , before it was read as, (4) Notwithstanding .....

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