Tag: Benami Transactions (Prohibition) Amendment Act

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  • Unmasking real owners

    Unmasking real owners

    The Benami Transactions (Prohibition) Amendment Act, 2016, which came into force on November 1 last, is an amendment to the earlier Act of 1988. The amendments have been put into place to stem transactions in assets bearing front (third and unrelated party) or fictitious names and check evasion of law through dubious means. The Government …

    January 4, 2017