Law Clamping Benami Property
After the lots of agitation for anti corruption government decided to tighten its grip over to benami property and set the target to refresh the existing law and order. As per the Benami Transaction (Prohibition) Act, 1988, will permit to the central government to seize property which will declared as the benami property.
According to the govt officials if owner is incompetent to provide the enough proof for the ownership of the property then government is illegible to declare it as benami property.
However Parliament has sanctioned the law in 1988 restricting over benami deals, whereas law never imposed on the benami deals as the norms were not framed. Now government wants to make more stronger to norms and tighten all the ways to benami deals.
According to the govt officials if owner is incompetent to provide the enough proof for the ownership of the property then government is illegible to declare it as benami property.
However Parliament has sanctioned the law in 1988 restricting over benami deals, whereas law never imposed on the benami deals as the norms were not framed. Now government wants to make more stronger to norms and tighten all the ways to benami deals.
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