Web13 Jan 2024 · Section 27(2) of The Prohibition of Benami Property Transactions Act, 1988 (PBPT) correspond to such right of an individual. Section 27(2) of PBPT provides that nothing in sub section (1) shall apply to a property held or acquired by a person from the benamidar for adequate consideration, prior to the issue of notice under sub-section (1) … Web29 Oct 2024 · The main condition under Section 24(3) is that the Initiating Officer should be of the opinion that the person in possession of the property held benami may alienate …
JUDIS.NIC.IN SUPREME COURT OF INDIA Page 1 of 4 …
Web19 Mar 2024 · Benami Transactions (Prohibition) Act, 1988. It is an Act of the parliament of India that prohibits certain types of financial transactions. The act defines a Benami transaction as any transaction in which property is transferred to one person for consideration paid by another person. Commenced : 19/05/1985. Enacted by : Parliament … Web21 Jan 2024 · The Benami Transactions (Prohibition) Act, 1988 (Original Act) was enacted in the year 1988 with the object of prohibiting benami transactions. A benami transaction … balai super maid
Benami Transactions (Prohibition) Amendment Act 2016 India
Web23 Apr 2024 · The 1988 Act described benami transactions as a transaction in which property is transferred to one man or woman for a consideration paid or supplied with the aid of some other person, prohibited them and provided punishment for stepping into any benami transaction with imprisonment for a time period which can also extend to a few … Web19 Mar 2024 · The Benami Transaction (Prohibition) Act, 1988 Act defined benami under Section 2 (A) means any transaction in which property is transferred to one person for a … Web(ii) The defence raised by the contesting respondents that the transaction of the sale under the sale deed dated 9 th October, 1957 executed in favour of the appellants was a benami … balai super absorbant