TMI BlogAmendment of section 26.X X X X Extracts X X X X X X X X Extracts X X X X ..... ting Authority for passing order is less than sixty days, such remaining period shall be deemed to be extended to sixty days. . - Clauses 172 to 176 of the Bill seek to amend the Prohibition of Benami Property Transactions Act, 1988. Section 23 of the said Act provides that the Initiating Officer, after obtaining prior approval of the Approving Authority, shall have power to conduct or cause to be conducted any inquiry or investigation in respect of any person, place, property, assets, documents, books of account or other documents, in respect of any other relevant matters under this Act. It is proposed to amend the said section so as to clarify that nothing contained in this section shall apply and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o proposed to amend the said section so as to exclude the time on account of stay granted by any court from the period of time provided under sub-section ( 5 ) to refer the order passed under sub-section ( 4 ) within fifteen days from the date of attachment to the Adjudicating Authority and that if after exclusion of the period of stay if the remaining period is less than seven days, the remaining period shall be deemed to extend to seven days. Sub-section ( 7 ) of section 26 of the said Act does not provide that in computing the period of one year for passing an order the period during which the proceeding is stayed by an order or injunction of any court shall be excluded. It is proposed to amend the said sub-sect ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... all such entries may be proved either by the production of the records or other documents in the custody of the authority containing such entries, or by the production of a copy of the entries certified by the authority having custody of the records or other documents under its signature and stating that it is a true copy of the original entries and that such original entries are contained in the records or other documents in its custody. It is also proposed to amend section 55 of the said Act so as to provide that no prosecution shall be instituted against any person in respect of any offence under sections 3, 53 or section 54 without the previous sanction of the Board. It is further proposed to insert an Explana ..... X X X X Extracts X X X X X X X X Extracts X X X X
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