Benami property re-transfer prohibition bars a benamidar from transferring property back to the beneficial owner. No person holding property as a benamidar may re-transfer the benami property to the beneficial owner or to any other person acting on the owner's behalf. Any re-transfer made in contravention of this prohibition is deemed to be null and void. The prohibition does not apply to a transfer made in accordance with section 190 of the Finance Act, 2016.
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 property re-transfer prohibition bars a benamidar from transferring property back to the beneficial owner.
No person holding property as a benamidar may re-transfer the benami property to the beneficial owner or to any other person acting on the owner's behalf. Any re-transfer made in contravention of this prohibition is deemed to be null and void. The prohibition does not apply to a transfer made in accordance with section 190 of the Finance Act, 2016.
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