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Section 29 Possession of the property - The Benami Transactions (Prohibition) Amendment Act 2016

What is law for Possession of the property? Section 29 of The BTP (Prohibition) Amendment Act 2016

Section 29 : Possession of the property

(1) Where an order of confiscation in respect of a property under sub-section (1) of section 27, has been made, the Administrator shall proceed to take the possession of the property.

(2) The Administrator shall,-

(a) by notice in writing, order within seven days of the date of the service
of notice to any person, who may be in possession of the benami property, to surrender or deliver possession thereof to the Administrator or any other person duly authorised in writing by him in this behalf;

 

(b) in the event of non-compliance of the order referred to in clause (a), or if in his opinion, taking over of immediate possession is warranted, for the purpose of forcibly taking over possession, requisition the service of any police officer to assist him and it shall be the duty of the officer to comply with the requisition.

   

 

 
 

 

Benami Transactions (Prohibition) Amendment Act, 2016

Section 21 Power to call for information

Section 22 Power of authority to impound documents

Section 23 Power of authority to conduct inquiry, etc

CHAPTER IV ATTACHMENT, ADJUDICATION AND CONFISCATION

Section 24 Notice and attachment of property involved in benami transaction

Section 25 Manner of service of notice

Section 26 Adjudication of benami property

Section 27 Confiscation and vesting of benami property

Section 28 Management of properties confiscated

Section 29 Possession of the property

CHAPTER V APPELLATE TRIBUNAL

Section 30 Establishment of Appellate Tribunal

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