Confiscation procedure for benami property: notice, adjudication, attachment, vesting and management under statutory framework. Procedure for confiscation of benami property consists of a sequenced administrative process: issuance of notice and attachment of property, prescribed ... Summary
Prohibition Of Benami Property Transactions Act, 1988
Confiscation procedure for benami property: notice, adjudication, attachment, vesting and management under statutory framework.
Procedure for confiscation of benami property consists of a sequenced administrative process: issuance of notice and attachment of property, prescribed manner of service of notice, an adjudicatory stage to determine benami status, followed by confiscation and vesting of the property and statutory provisions for management of confiscated assets and possession thereafter.
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