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What are the rules relating to The Benami Transaction (Prohibition) Act, 1989?

April 26, 2017ACT benami prohibition relating rules transaction

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What are the rules relating to The Benami Transaction (Prohibition) Act, 1989?

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The rightful and registered owner of your dematted shares is the Depository. Purchase / Sale or Trading in these shares would be considered as Benami transactions.However, the Benami Transactions (Prohibition) Act, 1989 have been modified to exclude Securities held by :~ A Depository as a Registered owner ~ A DP as an Agent of the Depository.