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
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 before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 International Conference on Space
- 2 BIMSTEC Young Leaders’ Summit
- 3 Comptroller and Auditor General (CAG)
- 4 National Scheduled Tribes Finance and Development Corporation (NSTFDC)
- 5 Central Administrative Tribunal
- 6 49th Meeting of PRAGATI
- 7 PRIP (Promotion of Research and Innovation in Pharma MedTech Sector) Scheme
- 8 Supreme Court’s Ruling on Democratizing Sports Facilities
- 9 SC’s Interim Order on Waqf (Amendment) Act, 2025
- 10 First Green Hydrogen R&D Conference
