benami property Archive

Benami Transactions: Tracing the evolution of Benami law in India

Meaning of ‘Benami Transaction’: Purchase or holding of properties in the name of another is known in India, as a “Benami transaction”. The word ‘Benami’ literally means ‘without name’. The essential legal characteristic of these transactions is that there is no intention to benefit the person in whose name the transaction is made. The Benamidar …