Benami Transaction (Prohibition) Amendment Act, 2016 Comes into Force from 1st November
THE Benami Transaction (Prohibition) Amendment Act, 2016 received the assent of the President on 10th August 2016 to come into force from a date to be notified by the Government. Now, the Government has notified 1st day of November, 2016 as the date on which provisions of the Act shall come into force.
Notification No. , Dated: October 25, 2016
PMLA Tribunal to exercise powers under the Prohibition of Benami Property Transactions Act, 1988. The Government has notified that with effect from the 1st day of November, 2016, the Adjudicating Authority appointed under the Prevention of Money-Laundering Act, 2002 and the Appellate Tribunal established under section 25 of that Act shall discharge the functions of the Adjudicating Authority and Appellate Tribunal, respectively, under the Prohibition of Benami Property Transactions Act, 1988.
Notification No. , Dated: October 25, 2016
Government notifies the Prohibition of Benami Property Transactions Rules, 2016:. The Government has notified with effect from the 1st day of November, 2016, the the Prohibition of Benami Property Transactions Rules, 2016.
Notification No. , Dated: October 25, 2016