Government is in the process of consolidating and amending a law which seeks to prohibit 'benami' transactions,Law Minister M Veerappa Moily informed the Lok Sabha today. "The government is in the process of consolidating and amending the Benami Transaction (Prohibition) Act,1988," Moily told the House in a written reply to a question. To a question whether the Central Vigilance Commission has recommended a stringent law for the seizure of benami properties,the minister replied in the negative. "This Ministry has not received any recommendation of the Central Vigilance Commission on benami transactions," he said.
