Section 6 Prohibition on re-transfer of property by benamidar - The Benami Transactions
(Prohibition) Amendment Act 2016
What is the Prohibition on re-transfer of property by benamidar? Section
6 of The BTP (Prohibition) Amendment Act 2016
Section 6 : Prohibition on re-transfer of property by benamidar
6. (1) No person, being a benamidar shall re-transfer the benami property
held by him to the beneficial owner or any other person acting on his behalf.
(2) Where any property is re-transferred in contravention of the provisions
of sub-section (1), the transaction of such property shall be deemed to be null
(3) The provisions of sub-sections (1) and (2) shall not apply to a transfer
made in accordance with the provisions of section 190 of the Finance Act, 2016."