Section 3 in The Prohibition of Benami Property Transactions Rules, 2016
3. Determination of price in certain cases.
(1) For the purposes of sub-clause ... clause (16) of the section 2 of the Act, the price shall be determined in the following manner, namely:- (a) the price of unquoted equity
Section 3 in Uttarakhand Benami Transactions (Prohibition) Act, 2016
3. Prohibition of benami transaction.
(1) No Person shall on and after the commencement of this ... enter into any benami transaction. (2) Nothing contained in sub-section (1) shall apply to a benami transaction entered into by any person, being
notwithstanding the
prohibition to enter into a benami transaction contained in sub-
section (1) of Section 3 cannot enforce his rights arising
therefrom ... Benami Act , read as follows:
"3. Prohibition of benami transactions.- (1) No person shall
enter into any benami transction.
(2) Nothing in sub-section
The Chancellor, Masters & Scholars Of ... vs Rameshwari Photocopy Services & Anr. on 16 September
held that Section 4 of the Act of 1988 is a total prohibition against
any suit based on benami transaction. Section 3 ... said Act has prohibited
any benami transaction and as per Sub- section 2 (a) nothing of that Sub- section
1 will apply as regards purchased
benami
transaction. Sub-section (3) of Section 3 , as
seen, makes a person who enters into a benami
transaction liable for punishment. Section 5
makes ... 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
daughter, is exempt in view of the provisions of Section 3 of the Benami Transaction (Prohibition) Act. This Court is unable to accept the said ... submission, in view of the statutory presumption created by Section 3 of the Benami Transaction (Prohibition) Act, 1998, which has not been dislodged by cogent
daughter, is exempt in view of the provisions of Section 3 of the Benami Transaction (Prohibition) Act. This Court is unable to accept the said ... submission, in view of the statutory presumption created by Section 3 of the Benami Transaction (Prohibition) Act, 1998, which has not been dislodged by cogent
Section 4 of the Act.
Section 3 of the Act is reproduced as under:
Section-3 "3. Prohibition of benami transactions.--
(1) No person ... concerned in sub-section (2) of Section 3 in relation to non-applicability of the provisions of Section 3 (3) and Section 5 shall equally
shares. Based on
this observation, he invoked the provisions of section 3 of Benami Transactions
(Prohibition) Act, 1988 and held that the assessee had violated ... under:-
" Section 3- Prohibition of benami transactions
(1) No person shall enter into any benami transaction.
(2) Nothing in sub-section (1) shall apply
