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 58: Exemption.
    1[58. Exemption.--(1) The Central Government may, by notification, exempt any property relating to charitable or religious trusts from the operation of this Act.
     (2) Every notification issued under sub-section (1) shall be laid before each House of Parliament.]
Notes:
1. Subs. by Act 43 of 2016, s. 10, for sections 7 and 8 (w.e.f. 1-11-2016).
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