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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."

 

 

   

 

 
 

 

Benami Transactions (Prohibition) Amendment Act, 2016

CHAPTER I PRELIMINARY

Section 1 Short title and Commencement

Section 2 Definitions

CHAPTER II PROHIBITION OF BENAMI TRANSACTIONS

Section 3 Prohibition of benami transactions

Section 4 Prohibition of the right to recover property held benami

Section 5 Property held benami liable to confiscation

Section 6 Prohibition on re-transfer of property by benamidar

CHAPTER III AUTHORITIES

Section 7 Adjudicating Authority

Section 8 Composition of Authority

Section 9 Qualifications for appointment of Chairperson and Members

Section 10 Constitution of Benches of Adjudicating Authority

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