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of <h1>Key Definitions and Enforcement Provisions Under the Benami Transactions Act Including Section Rules</h1> The Act defines key terms related to benami property transactions, including 'benami property' as property held by one person but paid for by another, except in specified familial or fiduciary cases. A 'benami transaction' involves property transferred or held in a fictitious name, without the owner's knowledge, or where the payer is untraceable. The Act excludes certain contracts under the Transfer of Property Act from benami classification. It establishes authorities such as the Adjudicating Authority, Appellate Tribunal, and Special Court for enforcement and adjudication. Definitions also cover roles like benamidar (nominee holding benami property), beneficial owner, and various legal and financial entities. The Act provides for attachment (prohibition on transfer or disposition) of benami property and incorporates references to related statutes for interpretation of terms.
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