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