Prohibition of benami transactions

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..... three years or with fine or with both. 4 [(3) Whoever enters into any benami transaction on and after the date of commencement of the Benami Transactions (Prohibition) Amendment Act, 2016, shall, notwithstanding anything contained in sub-section (2), be punishable in accordance with the provisions contained in Chapter VII.] 4 [(4) xxxx] ******************* Notes: 1. Old Sub Section (2) omitted vid .....

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..... i Transactions (Prohibition) Amendment Act, 2016 , 3. Inserted vide Benami Transactions (Prohibition) Amendment Act, 2016 4. Omitted vide Benami Transactions (Prohibition) Amendment Act, 2016 , before it was read as, (4) Notwithstanding anything contained in the Code of Criminal Procedure, 1973 (2 of 1974), an offence under this section shall be non-cognizable and bailable. - - statute, statutor .....

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