Act Number: 45

Act Name: The Prohibition of Benami Property Transactions Act, 1988

Year: 1988

Enactment Date: 1988-09-05

Long Title: An Act to prohibit benami transactions and the right to recover property held benami and for matters connected therewith or incidental thereto.

Ministry: Ministry of Finance

Department: Department of Revenue

Section 1: Short title, extent and commencement.
    1[(1) This Act may be called the Prohibition of Benami Property Transactions Act, 1988.]
     (2) It extends to the whole of India 2***.
     (3) The provisions of sections 3, 5 and 8 shall come into force at once, and the remaining provisions of this Act shall be deemed to have come into force on the 19th day of May, 1988.
Notes:
1. Subs. by s. 3, ibid., for sub-section (1) (w.e.f. 1-11-2016).
2. The words "except the State of Jammu and Kashmir" omitted by Act 34 of 2019, s. 95 and the Fifth Schedule (w.e.f. 31-10- 2019).
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