Benami property prohibition: valuation, attachment, custody and disposal procedures with prescribed registers and appeal requirements. The rules implement provisions on valuation, information transmission, provisional attachment and custody, confiscation procedures, administration and disposal of benami property, and appeals. Unquoted equity shares' fair market value is determined by the higher of cost, a discounted cash flow valuation by a merchant banker/accountant, or a specified formula. Income-tax authorities must transmit statements electronically to the Initiating Officer; the Initiating Officer effects provisional attachment per Income-tax Second Schedule. Authorised Officers and the Administrator must follow prescribed notice, custody, deposit, register-keeping and disposal procedures. Appeals require a prescribed form, fee and grounds, with provision for delayed filing.