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of <h1>Prohibition of Benami Property Transactions Rules, 2016: Key Procedures for Equity Share Valuation, Appeals, and Property Management.</h1> The Prohibition of Benami Property Transactions Rules, 2016, established under the Prohibition of Benami Property Transactions Act, 1988, were notified by the Central Government to take effect from November 1, 2016. These rules define terms and outline procedures for determining the price of unquoted equity shares, furnishing information, provisional attachment, confiscation, and management of confiscated properties. They also detail the process for filing appeals to the Appellate Tribunal, including the required forms and fees. The rules aim to regulate and manage benami transactions, ensuring transparency and accountability in property dealings.
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