Union Cabinet approves amendments to Benami Transactions (Prohibition) Amendment Bill 2016

Q.  Union Cabinet has approved the amendments to the Benami Transactions (__________) Amendment Bill 2015 on 20th July, 2016.
- Published on 21 Jul 16

a. Prohibition
b. Prevention
c. Prosecution
d. Persecution

ANSWER: Prohibition
 
Union Cabinet approved amendments to the Benami Transactions (Prohibition) Amendment Bill 2015 to be introduced in the Parliament.
  • Amendment to the Bill aims to strengthen legal and administrative procedure to set over practical difficulties arising in implementation of provisions of the Bill when it becomes an Act.
  • Legislation empowers the government to confiscate benami property by following due process of law.

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