How is the Management of properties confiscated under the Law relating to Benami Transactions and Prohibition?
CS Executive · Economic, Commercial and Intellectual Property Laws · PYQS · June 2024
How is the Management of properties confiscated under the Law relating to Benami Transactions and Prohibition?
Answer & Explanation:
Section 28 of the Benami Transactions (Prohibition) Act, 1988 relates to management of properties confiscated under this Act. Sub-section (1) of this section provides that the Administrator shall have the power to receive and manage the property, in relation to which an order of confiscation under sub-section (1) of section 27 has been made, in such manner and subject to such conditions, as may be prescribed. Sub-section (2) of this section provides that the Central Government may, by order published in the Official Gazette, notify as many of its officers as it thinks fit, to perform the functions of Administrators. Sub-section (3) of this section provides that the Administrator shall also take such measures, as the Central Government may direct, to dispose of the property which is vested in the Central Government under subsection (2) of section 27 in such manner and subject to such conditions as may be prescribed.
Topics: Benami Transactions (Prohibition) Act, 1988
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