What is the Provision for Property held benami liable to confiscation? Section 5 of The BTP (Prohibition) Amendment Act 2016
Any property, which is subject matter of benami transaction, shall be liable to be confiscated by the Central Government
CHAPTER I PRELIMINARY
Section 1 Short title and Commencement
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