Get Updates
Get notified of breaking news, exclusive insights, and must-see stories!

Benami Trans (Prohibition) Act could not be implemented:Minister

By Staff
Time
Add as a preferred source on Google

New Delhi, Mar 14 (UNI) The Benami Transactions (Prohibition) Act, 1988 could not be implemented and rules can be framed only after amending certain provisions, the Lok Sabha was informed today.

In a written reply, Minister of State for Finance S S Palanimanickam said the Act could not be implemented as it contained grave infirmities.

The Rules for implementing the Act can be framed only after amending certain provision, he said.

''The areas of grave infirmities have been discussed with the Ministry of Law and have been sorted out in consultation with them.

A draft of the Bill and a draft Cabinet Note for amending the Benami Transactions (Prohibition) Act, 1998 is under preparation,'' he said.

UNI MP PDT KN1708

Published On March 14, 2008
More From
Prev
Next
Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+
Sign Out