Look-out circular cannot be opened under the Benami Act

Look-out circular cannot be opened under the Benami Acthttps://latest.thedailyguardian.com/legally-speaking/look-out-circular-cannot-be-opened-under-the-benami-act/June 28, 2022, 3:26 amhttps://latest.thedailyguardian.com/wp-content/uploads/2022/07/lg-1.jpgLegally SpeakingA transaction where a property is transferred to a person for a consideration paid by another person is defined as a Benami transaction. As per Section 2(9)(A)(a) of the Prohibition of Benami Property Transactions Act, 1988 (hereinafter referred t...