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Benami Transactions (Prohibition) Amendment Act, 2016
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What is the primary objective of the Benami Transactions (Prohibition) Amendment Act, 2016?
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A
To prohibit benami transactions.
💡 Explanation:
The main purpose of the Benami Transactions (Prohibition) Amendment Act, 2016 is to prohibit benami transactions, which involve the transfer of property in the name of one person while the actual ownership and enjoyment of the property belongs to another person.