Benami Transactions Bill introduced in the Lok Sabha
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 »
