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of <h1>Amendments to Benami Property Act: New Penalties, Extended Deadlines, and Revised Sections 23, 24, 26, 54A, 54B, 55.</h1> The amendments to the Prohibition of Benami Property Transactions Act, 1988, effective from September 1, 2019, include changes to sections 23, 24, 26, 54A, 54B, and 55. Key changes involve the exclusion of court-stayed periods from limitation calculations, extending certain deadlines, and introducing penalties for non-compliance. New sections 54A and 54B outline penalties for failing to comply with summons and allow records as evidence in prosecutions. Amendments also require Board sanction for prosecutions under specified sections and define 'competent authority.' These changes aim to enhance enforcement and procedural clarity.
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