(a) whether it is a fact that the Benami Transactions
(Prohibition) Act, 1988 has not been implemented;
(b) If so, the details thereof and the reasons
therefor; and
(c) the specific time fixed for its implementation?
(a) whether it is a fact that the Benami Transactions
(Prohibition) Act, 1988 has not been implemented;
(b) If so, the details thereof and the reasons
therefor; and
(c) the specific time fixed for its implementation?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI GINGEE N. RAMACHANDRAN)
(a) Yes, Sir.
(b) The rules for implementation of the Benami
Transaction (Prohibition) Act, 1988 could not be notified
since its inception. The Ministry of Law pointed out
serious legal infirmities in the enactment causing
difficulties in the framing of the Rules.
(c) As difficulties in implementation are of a legal
and constitutional nature, no specific time frame can be
fixed for its implementation.