Confiscation procedure for benami property requires notice, public proclamation, and secure handling of movable and immovable assets. Rule 6 sets out the post-confiscation procedure under section 27. The Adjudicating Authority must send the confiscation order to the Authorised Officer. ... Summary
Prohibition Of Benami Property Transactions Act, 1988
Confiscation procedure for benami property requires notice, public proclamation, and secure handling of movable and immovable assets.
Rule 6 sets out the post-confiscation procedure under section 27. The Adjudicating Authority must send the confiscation order to the Authorised Officer. For immovable property, the officer must notify the registration authority, publish the confiscation notice on the property, and proclaim the confiscation nearby. For movable property, he must notify the custodian, may sell property prone to decay or excessive maintenance cost with leave of the Adjudicating Authority, and must secure or transfer different classes of property through the prescribed banking, treasury, or transfer mechanisms.
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