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of <h1>Adjudicating Authority and Tribunal under PMLA to handle Benami Act roles from Nov 1, 2016 per Section 71.</h1> The Central Government has designated the Adjudicating Authority and Appellate Tribunal, initially appointed under the Prevention of Money-Laundering Act, 2002, to fulfill similar roles under the Prohibition of Benami Property Transactions Act, 1988, starting November 1, 2016. This arrangement will remain until specific authorities and tribunals are established under the Benami Act. This notification is issued under Section 71 of the Benami Act, 1988, and is documented as Notification No. 97/2016 by the Ministry of Finance, Department of Revenue, Government of India.
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