Govt in process of consolidating Benami Transaction Act

Government is in the process of consolidating and amending a law which seeks to prohibit `benami` transactions, Law Minister M Veerappa Moily informed the Lok Sabha on Thursday.

New Delhi: Government is in the process
of consolidating and amending a law which seeks to prohibit
`benami` transactions, Law Minister M Veerappa Moily informed
the Lok Sabha on Thursday.

"The government is in the process of consolidating and
amending the Benami Transaction (Prohibition) Act, 1988,"
Moily told the House in a written reply to a question.

To a question whether the Central Vigilance Commission
has recommended a stringent law for the seizure of benami
properties, the minister replied in the negative.

"This Ministry has not received any recommendation of
the Central Vigilance Commission on benami transactions," he
said.

PTI

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