Grex Potentia

Following the demonetization of Rs. 500 and 1000 banknotes in India in 2016, Indian Prime Minister Mr. Narendra Modi efficaciously stated that Benami Property would be his next target. The Hon'ble Prime Minister also claimed to be tearing down the wealthy's black money and constructing a far brighter future for the honest citizens of the world's largest democracy. This aim was finalized after analysing the hasty ratio of abrupt misusage of the flaw of the Benami Transactions (Prohibition) Act, 1988. Before we begin, we must define the term "Benami property"; a Benami transaction is one in which the property is transferred to an individual but the acquisition cost is paid by another individual. The negative thesis for this transaction is that if there is a person named 'Z' who possesses a huge chunk of black money. 'Z' will now acquire a property in the name of 'X' in order to protect his pile of black money. The crucial thing to note is tha