Section 3 in The Benami Transactions (Prohibition) Act, 1988
3. Prohibition of benami transactions
(1) No person shall enter into any benami transaction. (2) Whoever ... fine or with both. (3) Whoever enters into any benami transaction on and after the date of commencement of the Benami Transactions (Prohibition) Amendment
transaction made prior to 01.11.2016 and
Sub-Section (3) of Section 3 would be applicable to those
benami transactions made on or after commencement ... amendment of Section 3 of the principal Act. While Sub-
Section (1) of Section 3 has been retained, Sub-Section (2) is
omitted. Upon such
benami transaction"
provided under Section 2(a) of the Benami Act and prohibited by Sections
4(1) & 4(2) of the Benami ... though these Sections stand repealed, yet the transactions
falling in these Sections will have protection of Section 4(3)(b) of the
Benami
property concerned in Sub section (2) of section 3 in relation to non-applicability of section 3(3) and section 5 shall equally hold good ... transaction prohibited under sub-section (1) of Section 3 inviting the penal consequence contemplated under sub-section (3) of Section 3 and also the civil
transaction made prior to 01.11.2016 and
Sub-Section (3) of Section 3 would be applicable to those
benami transactions made on or after commencement ... amendment of Section 3 of the principal Act. While Sub-
Section (1) of Section 3 has been retained, Sub-Section (2) is
omitted. Upon such
transaction made prior to 01.11.2016 and
Sub-Section (3) of Section 3 would be applicable to those
benami transactions made on or after commencement ... amendment of Section 3 of the principal Act. While Sub-
Section (1) of Section 3 has been retained, Sub-Section (2) is
omitted. Upon such
transaction made prior to 01.11.2016 and
Sub-Section (3) of Section 3 would be applicable to those
benami transactions made on or after commencement ... amendment of Section 3 of the principal Act. While Sub-
Section (1) of Section 3 has been retained, Sub-Section (2) is
omitted. Upon such
transaction made prior to 01.11.2016 and
Sub-Section (3) of Section 3 would be applicable to those
benami transactions made on or after commencement ... amendment of Section 3 of the principal Act. While Sub-
Section (1) of Section 3 has been retained, Sub-Section (2) is
omitted. Upon such
transaction made prior to 01.11.2016 and
Sub-Section (3) of Section 3 would be applicable to those
benami transactions made on or after commencement ... amendment of Section 3 of the principal Act. While Sub-
Section (1) of Section 3 has been retained, Sub-Section (2) is
omitted. Upon such
transaction made prior to 01.11.2016 and
Sub-Section (3) of Section 3 would be applicable to those
benami transactions made on or after commencement ... amendment of Section 3 of the principal Act. While Sub-
Section (1) of Section 3 has been retained, Sub-Section (2) is
omitted. Upon such
