Benami Transactions
CBI is presently concentrating on ‘benami‘ owners of flats and it claimed that a senior politician had involved in those transactions. According to sources, an intense investigation has been carried on by CBI with regard to the case and certain details have been shared with the Enforcement Directorate to check the money trace into the [...] Continue Reading »
Benami transactions are one of the ways in which black money is circulated and invested. The Benami Transactions (Prohibition) Bill 2011, introduced by Finance Minister Pranab Mukherjee, will replace the existing Benami Transactions (Prohibition) Act, 1988. The Bill seeks to prohibit the holding of property in benami and restrict the right to recover or transfer [...] Continue Reading »
The new law, Benami Transactions (Prohibition) Bill , 2011, will replace the earlier legislation which was enacted in 1988. In a bid to deal with the menace of black money, the government is likely to consider the possibility of enacting a new law to track benami transactions at the meeting of the union Cabinet. The [...] Continue Reading »
