Section 5 Property held benami liable to confiscation - The Benami Transactions (Prohibition) Amendment Act 2016

What is the Provision for Property held benami liable to confiscation? Section 5 of The BTP (Prohibition) Amendment Act 2016

 

Section 5 :  Property held benami liable to confiscation

Any property, which is subject matter of benami transaction, shall be liable to be confiscated by the Central Government

Benami Transactions (Prohibition) Amendment Act, 2016

CHAPTER I PRELIMINARY

Section 1 Short title and Commencement

Section 2 Definitions

CHAPTER II PROHIBITION OF BENAMI TRANSACTIONS

Section 3 Prohibition of benami transactions

Section 4 Prohibition of the right to recover property held benami

Section 5 Property held benami liable to confiscation

Section 6 Prohibition on re-transfer of property by benamidar

CHAPTER III AUTHORITIES

Section 7 Adjudicating Authority

Section 8 Composition of Authority

Section 9 Qualifications for appointment of Chairperson and Members

Section 10 Constitution of Benches of Adjudicating Authority