Tag Archives: benami property

Benami Transaction (Prohibition) Bill 2016 :- Key Takeaways

The Benami Transaction (Prohibition) Amendment Bill 2016 passed by Lok Sabha on 27.07.2016 Key takeaways from The Benami Transaction (Prohibition) Amendment Bill 2016 are as follows: Objective of The Benami Transaction (Prohibition) Amendment Bill 2016  :- The Benami Transaction (Prohibition) Amendment Bill 2016 passed by Lok Sabha, empowers the Government to confiscate Benami properties held in… Read More »

The Benami Transactions (Prohibition) Amendment Bill 2015

THE BENAMI TRANSACTIONS (PROHIBITION) AMENDMENT BILL, 2015 Introduced in Lok Sabha on 13.05.2015 FINANCIAL MEMORANDUM This Bill seeks to amend the law prohibiting benami transactions, holding property in benami and restricting right to recover or transfer property held benami, and providing mechanism and procedure for confiscation of property held benami. The Benami Transaction (Prohibition) Amendment… Read More »