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 5: Property held benami liable to confiscation.
    1 [5. Property held benami liable to confiscation.--Any property, which is subject matter of benami transaction, shall be liable to be confiscated by the Central Government.]
Notes:
1. Subs. by s. 8, ibid., for sections 5 and 6 (w.e.f. 1-11-2016).
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