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of <h1>Adjudicating Authority under Benami Act now designated under Smugglers and Foreign Exchange Manipulators Act</h1> The Adjudicating Authority under the Prohibition of Benami Property Transactions Act, 1988, is the competent authority designated under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976. This authority exercises jurisdiction, powers, and functions as prescribed by the Benami Act. The provision replaces the earlier arrangement where the Central Government appointed one or more Adjudicating Authorities by notification. The amendment aligns the authority responsible for adjudication under the Benami Act with the existing authority under the 1976 Act, ensuring centralized and consistent enforcement of provisions related to benami property transactions.
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