The Benami Transaction (Prohibition) Act, 1988 Applicability:- This is an Act to prohibit benami transactions and the right to recover property held benami and for matters connected therewith or incidental thereto. It extends to the whole of India except the State of Jammu and Kashmir.
Exemption:- Sec 6-Nothing in this Act shall affect the provisions of section 53 of the Transfer of Property Act, 1882 (4 of 1882.), or any law relating to transfer for an illegal purpose. Know all Central and state Acts their Applicability and Exemption Subscribe:- LexComply.com From India, Delhi
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