On Sunday, Prime Minister Narender Modi, in his crusade against corruption,stated that he will now take action against the 'Benami' Property Holders.
The Benami Property Act which came into effect from November 1,2016.
Accorfing to the Act, it prohibits illegal benami transactions, and under which there is up to seven years’ of imprisonment and penalty for those indulge in such activities.
PM Narender Modi said that, "We will take action against the 'benami' property;
This would be a major step to eradicate graft and the Black Money." Read Laws @ LatestLaws.in-
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