Section 57 Certain transfers to be null and void - The Benami Transactions (Prohibition) Amendment Act 2016

What is the law regarding Certain transfers to be null and void? Section 57 of The BTP (Prohibition) Amendment Act 2016


 

Section 57 : Certain transfers to be null and void

Notwithstanding anything contained in the Transfer of the Property Act, 1882 or any other law for the time being in force, where, after the issue of a notice under section 24, any property referred to in the said notice is transferred by any mode whatsoever, the transfer shall, for the purposes of the proceedings under this Act, be ignored and if the property is subsequently confiscated by the Central Government under section 27, then, the transfer of the property shall be deemed to be null and void.

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