Benami property enforcement: new authorities, attachment powers, confiscation, appeals, and criminal penalties for benami transactions. The amendment creates Adjudicating Authorities, an Appellate Tribunal and Special Courts with defined composition, qualifications, terms and powers; grants authorities civil court powers to summon, inspect, compel production and requisition assistance; empowers Initiating Officers and Approving Authorities to call for information, impound documents and provisionally attach property; mandates adjudicatory notice, hearing and timelines; provides for confiscation and vesting of benami property in the Central Government and administration and possession procedures; and prescribes offences, penalties and prosecutorial prerequisites.
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Benami property enforcement: new authorities, attachment powers, confiscation, appeals, and criminal penalties for benami transactions.
The amendment creates Adjudicating Authorities, an Appellate Tribunal and Special Courts with defined composition, qualifications, terms and powers; grants authorities civil court powers to summon, inspect, compel production and requisition assistance; empowers Initiating Officers and Approving Authorities to call for information, impound documents and provisionally attach property; mandates adjudicatory notice, hearing and timelines; provides for confiscation and vesting of benami property in the Central Government and administration and possession procedures; and prescribes offences, penalties and prosecutorial prerequisites.
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