Section 7 - Adjudicating Authority. - Prohibition Of Benami Property Transactions Act, 1988

CHAPTER III AUTHORITIES 2 [ Adjudicating Authority. 7. The competent authority authorised under sub-section (1) of section 5 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 (13 of 1976.) shall be the Adjudicating Authority to exercise jurisdiction, powers and authority conferred by or under this Act. ] ******************* Notes: 1. Inserted vide Benami Transactions (Prohibition) Amendment Act, 2016 2. Substituted vide THE FINANCE ACT, 2021 dated 28-03-2021 w.e.f. 01-07-2021 before it was read as Adjudicating Authority. 7. The Central Government shall, by notification, appoint one or more Adjudicating Authorities to exercise jurisdiction, powers and authority conferred by or under this Act.