Benami Law
According to the Benami Property Act, an owner holds property through proxies. The ownership of the property is either held in the name of a person who neither paid for it nor actively uses it, or it is purchased in their name. It can even be held in the name of someone who doesn’t exist. A front person like this is called a “Benamidar.” literal meaning of the Benami Property Act is “without any name.” A Benami property is one that is purchased in a real estate transaction where the buyer does not do it in his or her own name.
The word “Benami” in Urdu means “without the name” or “no name.” In legal terminology, the phrase refers to a transaction in which the real beneficiary is different from the person whose name the property is bought. As a result, the individual whose name is used to purchase the property is merely a disguise for the true beneficiary.
Benami properties are defined by the FBR as real estate goods such as plots, plot files, homes, shopping centers, housing schemes, etc. In addition to real estate items, the category of Benami transactions also includes financial accounts, vehicles, company shares, jewels, foreign money, and legal papers. The Benami Transaction Act It must be demonstrated that the acquisition of money from a third party other than the party in whose favor the sale is made would be significant proof of the transaction’s Benami nature.
Empowering You With Legal Solutions!
Leading Pakistani law firm InteraLegem S&N Law Firm focuses on Benami law cases. We are dedicated to assisting our clients in navigating the legal system and recognise how complicated and difficult benami transactions may be. Our skilled legal team has the knowledge and skills to offer our customers practical and successful legal solutions.
Why Choose Interalegem Law Firm?
At InteraLegem Law Firm, we believe in providing our clients with the highest quality of legal services. Our lawyers have extensive experience in benami law cases and are well-versed in the complexities of the legal system. We work closely with our clients to understand their specific needs and tailor our services to meet those needs. Our goal is to provide our clients with the best possible outcome, whether that be through negotiation or litigation.
We offer a range of legal services to help our clients in benami law cases, including:
-Advice on Benami Law: We provide comprehensive advice on the laws and regulations surrounding benami transactions, helping our clients understand their rights and obligations.
-Legal Representation: Our lawyers represent clients in all stages of benami law proceedings, from negotiations to court appearances.
-Negotiations: We negotiate with government agencies and other parties to reach a resolution that is in our clients’ best interests.
-Litigation: Our experienced litigators are equipped to handle complex benami law cases and provide our clients with the best possible outcome in court.
If you are facing a benami law case in Pakistan, InteraLegem S&N Law Firm is here to help. Contact us today to schedule a consultation with one of our experienced lawyers.