holder of benami property

Aashish (Querist) 04 October 2010 This query is : Resolved
If a person acquires a benami property from its holder for valid consideration, will such holder in due course be liable for prosecution?

Follow Query

Report Abuse

Khaleel Ahmed Mohammed (Expert) 04 October 2010
As per law there is no Benami properties.The Benami properties have been abolished as per legislation. The person in whose name property have purchased is called the real owner.

Devajyoti Barman (Expert) 04 October 2010
Yes, I agree.
The exception however is made for the wife and the children in whose name if the property is bought in benam.

Rajeev kulshreshtha (Expert) 04 October 2010
I also agree.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Member Strength 995427 and growing..

Stay updated with latest Posts!

Trouble Logging in? Try following the given steps -
1. Visit your inbox to find a confirmation mail from LAWyersClubIndia.
2. Click on the confirmation link and confirm your signup

New users who have not received email verification mail click here to verify