Benami Transactions (Prohibition) Act, 1988 Section 5 - Bare Act |
| State | Central Government |
| Year | 1988 |
| Section Title | 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 (I).