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of <h1>Finance Act 2019 Amends Benami Property Law: Changes Notice Period Calculation and Clarifies Stay Periods Under Section 24.</h1> Section 24 of the Prohibition of Benami Property Transactions Act, 1988, was amended by the Finance (No. 2) Act, 2019, effective September 1, 2019. The amendments replace the phrase 'from the date of issue of notice under sub-section (1)' with 'from the last day of the month in which the notice under sub-section (1) is issued' in sub-sections (3) and (4). An explanation was added to exclude periods during which proceedings are stayed by court orders from the limitation period. If the remaining period is less than thirty days for the Initiating Officer or less than seven days for referral to the Adjudicating Authority, it is extended to thirty and seven days, respectively.
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