Benami Transactions (Prohibition) Act : PROPERTY HELD BENAMI LIABLE TO ACQUISITION Indian Bare Acts :

Benami Transactions (Prohibition) Act,1988

Act No : 45

Section : PROPERTY HELD BENAMI LIABLE TO ACQUISITION

SECTION 05: PROPERTY HELD BENAMI LIABLE TO ACQUISITION

(1) All properties held benami shall be subject to acquisition by such authority, in such manner and after following such procedure as may be prescribed.

(2) For the removal of doubts, it is hereby declared that no amount shall be payable for the acquisition of any property under sub-section ( 1 ).