LawgistThe Prohibition of Benami Property Transactions Act
6Prohibition on re-transfer of property by benamidar
1[6. Prohibition on re-transfer of property by benamidar.--(1) No person, being a benamidar shall re-transfer the benami property held by him to the beneficial owner or any other person acting on his behalf.
(2) Where any property is re-transferred in contravention of the provisions of sub-section (1), the transaction of such property shall be deemed to be null and void.
(3) The provisions of sub-sections (1) and (2) shall not apply to a transfer made in accordance with the provisions of section 190 of the Finance Act, 2016 (28 of 2016).]
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1. Subs. by s. 8, ibid., for sections 5 and 6 (w.e.f. 1-11-2016).
