Benami Transactions Act — Legal Reforms

Entry	Year	Description	Impact
Benami Transactions (Prohibition) Amendment Act	2016	Comprehensive overhaul of the dormant 1988 Act, establishing three-tier adjudication machinery, stringent penalties including imprisonment up to 7 years, detailed procedures for attachment and confiscation, and expanded definition of benami transactions	Transformed the Act from a paper tiger into an effective enforcement tool, leading to attachment of properties worth thousands of crores and creating significant deterrent effect against benami transactions in real estate and other sectors