Section 69 of PBPT Act : Section 69: Laying Of Rules And Notifications Before Parliament
PBPT Act
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Explanation using Example
Imagine the government introduces a new rule under The Prohibition of Benami Property Transactions Act, 1988, which specifies a new reporting requirement for banks. According to this rule, banks must report any transactions over a certain amount that appear to be benami, meaning the person conducting the transaction is not the real owner of the funds.
Once this rule is made, it must be presented to both the Lok Sabha and the Rajya Sabha. Suppose the new rule is laid before the Parliament when it is in session. Members of Parliament have ...
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