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Gaurang Tripathi   09 October 2022

Benami transaction before year of 1988

A son paid consideration for registered sale deed on name of his mother in year of 1980 . Then benami transaction act 1988 is enforce on it year of 1980's transaction ? Is it benami transaction ?



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 5 Replies

P. Venu (Advocate)     09 October 2022

What is the context for this query? The transaction had taken place more than 40 years ago. Is the mother alive now?

1 Like

Gaurang Tripathi   09 October 2022

No , she is died in year of 2005.

Advocate Bhartesh goyal (advocate)     09 October 2022

Since the sale transaction is of the year 1980 and before. the Benami Transaction Act came into force so now it can't be said Benami Transaction.

P. Venu (Advocate)     09 October 2022

The Law as benami trasaction is THE PROHIBITION OF BENAMI PROPERTY TRANSACTIONS ACT, 1988 and not Benami Trasaction Act. It is an  Act to prohibit benami transactions and the right to recover property held benami and for matters connected therewith or incidental thereto.

Unless the queriest is willing to disclose the context for this query, any further discussion is meaningless.

kavksatyanarayana (subregistrar/supdt.(retired))     09 October 2022

This is a repeated query.


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