Research of Indian Stock Market

Thursday, July 14, 2011

Cabinet may approve (Prohibition Act) today ???


 The Cabinet is  expected to approve amendments to the Benami Transaction (Prohibition Act) to check black money. An official said the proposal would give the government the power to confiscate any property that is declared as benami, or held in the name of a person who has not paid the consideration for the property.

 

Copyright M. Subramaniam