Section 57 - Certain transfers to be null and void. - Prohibition Of Benami Property Transactions Act, 1988

Certain transfers to be null and void. 57. Notwithstanding anything contained in the Transfer of the Property Act, 1882 (4 of 1882.) or any other law for the time being in force, where, after the issue of a notice under section 24, any property referred to in the said notice is transferred by any mode whatsoever, the transfer shall, for the purposes of the proceedings under this Act, be ignored and if the property is subsequently confiscated by the Central Government under section 27, then, the transfer of the property shall be deemed to be null and void. ******************* Notes: 1. Inserted vide Benami Transactions (Prohibition) Amendment Act, 2016