What are the prosecution provisions for a person who enters into a Benami transaction?

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..... er enters into any benami transaction on or after 01-11-2016 shall be punishable in accordance with Section 53 of the Act. Section 53(1) provides that where any person enters into a benami transac .....

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..... he shall be punishable with rigorous imprisonment for a term not less than one year but which may extend to 7 years and he shall also be liable to a fine which may extend to 25% of the fair .....

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