Supreme Court strikes down Provision of 1988 Benami Law

On 23rd December, 2022, the Supreme Court struck down the two provisions of Prohibition of Benami Property Transactions Act, 1988.

About the Ruling

Section 3(2) of the Benami Transactions (Prohibition) Act, 1988

  • Section 3 of the statute deals with the issue of Prohibition of benami transactions and its impugned sub-section (2) says: Whoever enters into any benami transaction shall be punishable with imprisonment for a term which may extend to three years or with fine or with both.
  • The apex court termed the provision unconstitutional on the ground of being manifestly arbitrary.
  • Section 3(2) of the 2016 Act is ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

India Watch