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[Cites 0, Cited by 184] [Section 24] [Entire Act]

Union of India - Subsection

Section 24(1) in The Benami Transactions (Prohibition) Act, 1988

(1)Where the Initiating Officer, on the basis of material in his possession, has reason to believe that any person is a benamidar in respect of a property, he may, after recording reasons in writing, issue a notice to the person to show cause within such time as may be specified in the notice why the property should not be treated as benami property.