Adjudicating authority under Benami Transactions (Prohibition) Act notified
KARACHI: Federal Government has established the Adjudicating Authority under Benami Transactions (Prohibition) Act-2017.
A Notification for the appointment of Mr. Jamil Ahmed, a retired Pakistan Administrative Officer as Chairperson of the Adjudicating Authority has been issued. In the same Notification, Mr. Muhammad Tanvir Akhtar, a retired Inland Revenue Officer and Mr. Khaqan Murtaza, an officer of Pakistan Administrative Officer are appointed as members Adjudicating Authority. The Adjudicating Authority will start functioning w.e.f. 1st July, 2019.
In an another Notification issued by Federal Board of Revenue, Inland Revenue Officers are posted in the Benami Zones established under Benami Transactions (Prohibition) Act-2017. Benami Zones have already started to implement Benami Act-2017. Under the instructions of Chairman FBR, action against Benami properties has already been initiate.