Benami transaction definitions shape the statutory framework for identifying nominal ownership and beneficial ownership under the Act. Defines the principal terms used in the Prohibition of Benami Property Transactions Act, including the adjudicatory and enforcement authorities, the meaning of benami transaction, benami property, benamidar and beneficial owner, and the scope of property, transfer, person, firm, partnership and related expressions. The definition of benami transaction covers property held by one person while consideration is provided by another for that person's benefit, as well as fictitious-name arrangements, denied or unknown ownership, and untraceable or fictitious consideration providers, subject to specified exclusions for family, fiduciary and certain registered part-performance transactions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Benami transaction definitions shape the statutory framework for identifying nominal ownership and beneficial ownership under the Act.
Defines the principal terms used in the Prohibition of Benami Property Transactions Act, including the adjudicatory and enforcement authorities, the meaning of benami transaction, benami property, benamidar and beneficial owner, and the scope of property, transfer, person, firm, partnership and related expressions. The definition of benami transaction covers property held by one person while consideration is provided by another for that person's benefit, as well as fictitious-name arrangements, denied or unknown ownership, and untraceable or fictitious consideration providers, subject to specified exclusions for family, fiduciary and certain registered part-performance transactions.
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