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 and void.

(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."

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