7 years jail, if you deposit someone else's money in your bank account

Manu Gawri , Last updated: 23 November 2016 Share Follow on Google News

This government aims to prosecute persons who have deposited someone else money in their bank account by bringing new legislature called Benami transaction (prohibition) amendment act, 2016. This amendment act is introduced in replacement of the original Benami Transaction (prohibition) act 1988.

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About the Author

Manu Gawri

CA-Final

Ex-Analyst at Grant thornton India LLP working in Not-for Profit sector. Co-Founder of Augmen. NFP Organisation, Internal Control advisor, drafting standard operating procedure for organziations. Can be reached at manugawri92 @ gmail.com

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