This document explains what Benami property is, defining it as a transaction where property is held in another's name but financed by the real beneficiary. It details the journey of the Benami Transactions (Prohibition) Amendment Act, 2016, which aims to curb corruption and black money. The content outlines different types of benami transactions, the authorities established under the Act, and the significant legal implications, including property confiscation and penalties for those involved.