35 . The Benami Transactions (prohibition) Amendment act 2016
1 . has not come into effect yet
2 . amends the 1988 act
3 . provides for upto seven years of imprisonment and fine for those indulging in such transactions
Identify the correct statement/s

A . 2 and 3

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B . 1 and 2

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C . 1 and 3

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D . None of the above

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Solution

The correct option is A A . 2 and 3

Ans: A
The benami transaction (prohibition) act came to effect from November 2016

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