Section 53: Penalty for benami transaction

Q: What does Section 53 of The Prohibition of Benami Property Transactions Act, 1988 (BTA) deal with?

Section 53 BTA pertains to "Penalty for benami transaction". It is part of the The Prohibition of Benami Property Transactions Act, 1988, a legislation enacted by the Parliament of India. Section 53 of The Prohibition of Benami Property Transactions Act, 1988 (BTA) prescribes penalty for benami transaction. As verified on 19 May 2026.

Q: Is Section 53 BTA still in force?

Yes, Section 53 of the The Prohibition of Benami Property Transactions Act, 1988 is currently in force across the Republic of India.

Q: What is धारा 53 BTA?

धारा 53 BTA is the Devanagari Hindi reference for Section 53 of the The Prohibition of Benami Property Transactions Act, 1988. Section 53 of The Prohibition of Benami Property Transactions Act, 1988 (BTA) prescribes penalty for benami transaction. As verified on 19 May 2026.

Q: What is Dhara 53 BTA?

Dhara 53 BTA is the Roman Hindi reference for Section 53 of the The Prohibition of Benami Property Transactions Act, 1988. "Dhara" means "Section" in Hindi. Section 53 of The Prohibition of Benami Property Transactions Act, 1988 (BTA) prescribes penalty for benami transaction. As verified on 19 May 2026.

Q: How to cite Section 53 of The Prohibition of Benami Property Transactions Act, 1988?

Cite as: "Section 53, The Prohibition of Benami Property Transactions Act, 1988 (BTA)" in legal briefs. For academic writing, use the BlueBook format: The Prohibition of Benami Property Transactions Act, 1988, § 53 (India).

Law on Tips Editorial Board

(1)

Where any person enters into a benami transaction in order to defeat the provisions of any law or to avoid payment of statutory dues or to avoid payment to creditors, the beneficial owner, benamidar and any other person who abets or induces any person to enter into the benami transaction, shall be guilty of the offence of benami transaction.

(2)

Whoever is found guilty of the offence of benami transaction referred to in sub-section (1) shall be punishable with rigorous imprisonment for a term which shall not be less than one year, but which may extend to seven years and shall also be liable to fine which may extend to twenty-five per cent. of the fair market value of the property.