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of <h1>Benami Transactions Amendment Act 2016: New Provisions, Property Transfer Rules, Exemptions for Charitable Trusts, Non-Cognizable Offences</h1> The Benami Transactions (Prohibition) Amendment Act, 2016 introduces new provisions in Chapter VIII, replacing sections 7 and 8 of the principal Act. It repeals certain sections of the Indian Trusts Act, the Code of Civil Procedure, and the Income-tax Act, while maintaining the operation of section 281A in Jammu and Kashmir. Transfers of property after a notice under section 24 are deemed null if confiscated by the government. The Act allows exemptions for charitable trusts, enables the government to issue administrative directions, and ensures that offences are non-cognizable. It also outlines procedures for handling offences by companies, legal representatives, and pending cases, while emphasizing the Act's overriding effect and rule-making powers.
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