Benami transaction offence carries imprisonment, fine, and liability for beneficial owner, benamidar, and abettors. Entering into a benami transaction to defeat law, avoid statutory dues, or evade creditors is an offence. Liability extends to the beneficial owner, benamidar, and any person who abets or induces the transaction. A person found guilty is punishable with rigorous imprisonment for not less than one year and up to seven years, and may also be liable to a fine up to twenty-five per cent of the fair market value of the property involved.