Bare ActsThe Meghalaya (Benami Transactions Prohibition) Act,1980 (Act No.24 of 1980)

Section 3

Benami Transaction unlawful.

Amendment status not verified — confirm the current text below against the official source.

On and from the commencement of this Act and notwithstanding anything to the contrary contained in any law in force or in any custom or usage benami transaction, in any from between a tribal an a non-tribal is prohibited and shall be unlawful and void and every person involved in any such transaction shall be deemed to have committed an offence under this act; Provided that no transaction in the name of a tribal shall be deemed to be benami where such transaction is in favour of or for and on behalf of any tribal organisation association or institution: Provided further that no transaction shall be deemed to be benami where such transaction is between the members of the same family. Explanation.- For the purpose of this section- (i) tribal organisation, association or institution means any organization association or institution as may be recognised and notified by the State Government as a tribal organisation, association or institution for the purposes of this Act. 1 (ii) members of the same family means either one of the spouses is a tribal and includes the children either of whose parent is or was a tribal.

Section 3 – The Meghalaya (Benami Transactions Prohibition) Act,1980 (Act No.24 of 1980) | DailyLaw.ai