Search Results for Tag : Benami Transaction
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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
News
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
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
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
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
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