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 37: Resignation and removal.
    1[37. Resignation and removal.--The Chairperson or any other Member may, by notice in writing under his hand addressed to the Central Government, resign his office:
     Provided that the Chairperson or any other Member shall, unless he is permitted by the Central Government to relinquish his office sooner, continue to hold office until the expiry of three months from the date of receipt of the notice or until a person duly appointed as his successor enters upon his office or until the expiry of his term of office, whichever is earlier.]
Notes:
1. Ins. by s. 9, ibid. (w.e.f. 1-11-2016).
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