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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.

 

 

   

 

 
 

 

Benami Transactions (Prohibition) Amendment Act, 2016

Section 51 Application of Code of Criminal Procedure 1973 to proceedings before Special Court

Section 52 Appeal and revision

CHAPTER VII OFFENCES AND PROSECUTION

Section 53 Penalty for benami transaction

Section 54 Penalty for false information

Section 55 Previous sanction

CHAPTER VIII MISCELLANEOUS

Section 56 Repeal of provisions of certain Acts

Section 57 Certain transfers to be null and void

Section 58 Exemption

Section 59 Power of Central Government to issue directions etc

Section 60 Application of other laws not barred

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