Section 6
Prohibition on re-transfer of property by benamidar. Repealed
The Prohibition of Benami Property Transactions Act, 1988
About this Act
An Act to prohibit benami transactions and the right to recover property held benami and for matters connected therewith or incidental thereto.
1[6. Prohibition on re-transfer of property by benamidar.--(1) No person, being a benamidar shall
re-transfer the benami property held by him to the beneficial owner or any other person acting on his
behalf.
(2) Where any property is re-transferred in contravention of the provisions of sub-section (1), the transaction of such property shall be deemed to be null and void.
(3) The provisions of sub-sections (1) and (2) shall not apply to a transfer made in accordance with the provisions of section 190 of the Finance Act, 2016 (28 of 2016).]
(2) Where any property is re-transferred in contravention of the provisions of sub-section (1), the transaction of such property shall be deemed to be null and void.
(3) The provisions of sub-sections (1) and (2) shall not apply to a transfer made in accordance with the provisions of section 190 of the Finance Act, 2016 (28 of 2016).]
Notes
1. Subs. by s. 8, ibid., for sections 5 and 6 (w.e.f. 1-11-2016).