LawgistThe Prohibition of Benami Property Transactions Act
57Certain transfers to be null and void
1[57. Certain transfers to be null and void.--Notwithstanding anything contained in the Transfer of the Property Act, 1882 (4 of 1882) or any other law for the time being in force, where, after the issue of a notice under section 24, any property referred to in the said notice is transferred by any mode whatsoever, the transfer shall, for the purposes of the proceedings under this Act, be ignored and if the property is subsequently confiscated by the Central Government under section 27, then, the transfer of the property shall be deemed to be null and void.]
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1. Subs. by Act 43 of 2016, s. 10, for sections 7 and 8 (w.e.f. 1-11-2016).
MISCELLANEOUS
- 56 Repeal of provisions of certain Acts
- 57 Certain transfers to be null and void
- 58 Exemption
- 59 Power of Central Government to issue directions, etc
- 60 Application of other laws not barred
- 61 Offences to be non-cognizable
- 62 Offences by companies
- 63 Notice, etc., not to be invalid on certain grounds
- 64 Protection of action taken in good faith
- 65 Transfer of pending cases
- 66 Proceedings, etc., against legal representative
- 67 Act to have overriding effect
- 68 Power to make rules
- 69 Laying of rules and notifications before Parliament
- 70 Power to remove difficulties
- 71 Transitional provision
- 72 Repeal and saving
