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Benami Transaction (Prohibition) Act 2016.

Allied Laws - Started By: - Aitha RajyaLakshmi - Dated:- 13-3-2017 Last Replied Date:- 13-3-2017 - Can anyone please explain me the definition of a Benami Transaction as per the new ammended Act ?2016 - Reply By YAGAY AND SUN - The Reply = What is be .....

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name property is purchased is called Benamdar and property so purchased is called Benami property. Exclusion to Benami transactions. Property held in the name of Children or spouse. Property jointly held with brother/sisters for which amount is paid .....

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ing in benami transactions may face up to 7 years imprisonment and fine. Furnishing false information is punishable by imprisonment up to 5 years and fine Properties held benami are liable for confiscation by government without compensation Initiatin .....

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