Search Results for Tag : Benami
Top Story
SEBI notifies simplified norms for processing investor’s service requests by RTAs and norms for furnishing PAN, KYC details and nomination(17.11.2023)
The Securities and Exchange Board of India (SEBI) vide its Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2023/181 dated November, 17, 2023, has simplified th.....
Tags : SEBI, Registrars’ Association of India, Benami Transactions (Prohibitions) Act, 1988, Prevention of Money Laundering Act, 2002
Judgments
No person has right to enter into Benami transaction, except if, property is purchased in the name of wife or unmarried daughter(01.08.2018)
In instant case, Opposite Party filed title suit against the Petitioner in respect of disputed land for declaration that the Petitioner is Farzidar an.....
Tags : Declaration, Benami Transactions, Right
Notifications & Circulars
Income Tax Department steps-up actions under Prohibition of Benami Property Transactions Act : Benami properties of more than Rs. 3,500 crore in more than 900 cases attached(11.01.2018)
Due to intensive efforts undertaken by the Income Tax Department, provisional attachment has been made in more than 900 cases of properties under the .....
Tags : Actions, Benami Property, Attachment
Identification of Benami Properties(24.07.2018)
Prohibition of Benami Property Transactions Act 1988 as amended by the Benami Transaction (Prohibition) Amendment Act, 2016 seeks to prohibit the Bena.....
Tags : Benami Properties, Identification, Steps
News
Mere Financial Assistance to Buy Property can't be Termed Benami Transaction: SC(10.04.2019)
Supreme Court has observed that mere financial assistance to buy a property cannot be the sole determinative factor/circumstance to hold the transacti.....
Tags : Supreme Court, Benami Transactions
Lok Sabha Passes Benami Transactions Amendment Bill(28.07.2016)
Lok Sabha has passed the Benami Transactions Amendment Bill with the new legislation having provisions for confiscating 'benami' (proxy) assets.
Tags : Lok Sabha , Benami Transactions Amendment Bill
Supreme Court: Aid to Relative for Buying Property Not a Benami Transaction(30.05.2019)
Supreme Court has held that mere financial assistance provided to purchase property for the welfare of family members cannot be classified as a benami.....
Tags : Supreme Court, Benami
All. HC: Can’t Declare Transaction Benami on Contractor’s Statement Without Relevant Material(29.04.2024)
Allahabad High Court has held that construction cannot be declared as benami under the Prohibition of Benami Property Transactions Act, 1988 merely on.....
Tags : Allahabad High Court, Benami, Contractor’s Statement
Madras High Court Strikes Down Section 32(2) Of Benami Transaction Act as Unconstitutional(05.04.2022)
Madras High Court has declared that Section 32(2) of the Prohibition of Benami Property Transactions Act, 1988 as unconstitutional and directed the go.....
Tags : Madras High Court, Section 32(2) of the Prohibition of Benami Property Transactions Act, 1988, unconstitutional.
Benami Property Act Kicks In from 01st November(02.11.2016)
The new law to prohibit Benami Transactions, which provides for up to seven years’ imprisonment and fine, for those indulging in such activities, came.....
Tags : Benami Property Act
Delhi High Court to Income Tax Department: Will New Benami Law Be Given Retrospective Effect(12.10.2017)
Delhi High Court has asked Income Tax department whether it intended to examine under the new benami law all accommodation entries made prior to 2016 .....
Tags : Delhi High Court, benami law
Parliament Passes Benami Transactions Bill and Institutes of Technology Bill(03.08.2016)
Parliament has passed the Benami Transactions (Prohibition) Amendment Bill, 2016 and the Institutes of Technology (Amendment) Bill, 2016.
Tags : Parliament, Benami Transactions (Prohibition) Amendment Bill, 2015 , the Institutes of Technology (Amendment) Bill- 2016
Rajasthan High Court Rules Benami Amendment Act, 2016 Cannot be Enforced Retrospectively(26.07.2019)
Rajasthan High Court has ruled that Benami Transactions (Prohibition) Amendment Act, 2016 cannot have retrospective effect. Under the amended law whic.....
Tags : Rajasthan High Court, Benami Amendment Act, 2016
Cal. HC: Acquiring Property in Name of Wife is Not Benami Transaction(09.06.2023)
Calcutta High Court has held that if a husband supplies the consideration money for acquiring property in the name of his wife, such fact does not nec.....
Tags : Calcutta High Court, Benami Transaction, Wife
NCLT, Chennai: No Conflict Among Prohibition of Benami Property Transaction Act and IBC, 2016(06.05.2022)
National Company Law Tribunal, Chennai has ruled that there is no conflict between the Prohibition of Benami Property Transaction Act, 1988 and the In.....
Tags : National Company Law Tribunal, Prohibition of Benami Property Transaction Act, 1988, Insolvency and Bankruptcy Code, 2016, attachment of property
Madras HC: Benami Transactions (Prohibition) Amendment Act, 2016 Can Be Applied Retrospectively(06.09.2021)
Madras High Court has opined that in respect of the benami transactions entered into prior to the Benami Transactions (Prohibition) Amendment Act, 201.....
Tags : Madras High Court, Benami Transactions (Prohibition) Amendment Act, 2016
SC Declares Section 3(2) of Benami Transactions Prohibition Act as Unconstitutional(23.08.2022)
Supreme Court has held that Section 3(2) of the Benami Transactions (Prohibition) Act 1988 as unconstitutional on the ground of being manifestly arbit.....
Tags : Supreme Court, Benami Transaction, Unconstitutional
Madhya Pradesh High Court Upholds Retrospective Application of Benami Law(24.12.2019)
Madhya Pradesh High Court has refused to interfere with the Show-Cause Notices issued and upheld the retrospective application of Benami Law. The Cour.....
Tags : Madhya Pradesh High Court, Benami Law
Kerala HC: Prior Sanction U/S 17A Not Needed to Prosecute Public Servants for Benami Dealings(19.09.2025)
Kerala High Court has held that buying shares or public property as “benami” by a public servant does not fall under Section 17A of the Prevention of .....
Tags : Sanction, Public Servants, Benami