The Prohibition of Benami Property Transaction Act, 1988 The Prohibition of Benami Property Transaction Act, 1988 | Bare act | Commercial Law Publishers | 2025

(Bare act) The Prohibition of Benami Property Transactions Act, 1988 (Act 45 of 1988)

• as amended by The Finance (No. 2) Act, 2024 (w.e.f. 1-10-2024), is presented along with The Prohibition of Benami Property Transactions Rules, 2016 and The Benami Transactions (Prohibition) Amendment Act, 2016.

The content spans the full scope of the Act and allied rules, including:

• Definition and scope of “benami property” and “benami transactions”

• Prohibitions on entering into, assisting, or facilitating benami transactions

• Powers of authorities to issue notices, investigate, attach, and confiscate benami properties

• Adjudication process and the role of the Adjudicating Authority

• Establishment and functioning of the Appellate Tribunal for Benami Transactions

• Offences, penalties, and procedures for prosecution

• The Prohibition of Benami Property Transactions Rules, 2016 detailing procedural and compliance requirements (as amended vide GSR 856(E), dated 29-11-2019)

• Text of the Benami Transactions (Prohibition) Amendment Act, 2016 (Act 43 of 2016) providing the legislative framework for enhanced enforcement

• Procedural safeguards and appeal rights for aggrieved persons