Business Daily from THE HINDU group of publications
Sunday, Mar 16, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Sunday, Mar 16, 2008 ePaper | Mobile/PDA Version |
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Industry & Economy
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Economic Offences Markets - Financial Markets Our Bureau New Delhi, March 15 The Government is preparing a draft Bill and a Cabinet note to bring amendments to the Benami Transaction (Prohibition) Act 1988. This was stated by Mr S.S. Palanimanickam, Minister of State for Finance, in a written reply in the Lok Sabha. He said the Benami Transaction (Prohibition) Act 1988 could not be implemented as it contained “grave infirmities”. The areas have been discussed with the Law Ministry and sorted out in consultation with them. It was also specified that rules for implementing the Act could be framed only after amending certain provisions of the legislation. More Stories on : Economic Offences | Financial Markets | Natural Calamities
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