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Section 71 Transitional provision - The Benami Transactions (Prohibition) Amendment Act 2016

What is the Transitional provision? Section 71 of The BTP (Prohibition) Amendment Act 2016

Section 71 : Transitional provision

The Central Government may, by notification, provide that until the Adjudicating Authorities are appointed and the Appellate Tribunal is established under this Act, the Adjudicating Authority appointed under sub-section (1) of section 6 of the Money-Laundering Act, 2002 and the Appellate Tribunal established under section 25 of that Act may discharge the functions of the Adjudicating Authority and Appellate Tribunal, respectively, under this Act.’.

 

 

   

 

 
 

 

Benami Transactions (Prohibition) Amendment Act, 2016

Section 61 Offences to be non-cognizable

Section 62 Offences by companies

Section 63 Notice, etc not to be invalid on certain grounds

Section 64 Protection of action taken in good faith

Section 65 Transfer of pending cases

Section 66 Proceedings etc against legal representative

Section 67 Act to have overriding effect

Section 68 Power to make rules

Section 69 Laying of rules and notifications before Parliament

Section 70 Power to remove difficulties

Section 71 Transitional provision

Section 72 Repeal and saving

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