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benami


Details of relatives in whose name benami property can be held

DETAILS OF RELATIVES IN WHOSE NAME BENAMI PROPERTY CAN BE HELD "Benami" transactions were treated as valid transactions by various courts, prior to promulgation of Ordinance in 1988. We know that word "Benami" is a Persian compound word, made up of "be" which means without and "name" which means name that is "Benami" means "Without name". "Benami Transaction" means a transaction which is affected by a person in the name of another person. The person transacting "Benami Transaction"..

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