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WORKSHOP ON THE NEW BENAMI LAW AND PREVENTION OF MONEY LAUNDERING ACT

June 29, 2019 @ 9:00 am - 5:00 pm

COMMERCIAL & ALLIED LAWS COMMITTEE
Chairman : Rahul Hakani
Vice-Chairman : Ranit Basu
Convenors : Nihar Mankad, Loshika Bulchandani, Shilpa Thakar
Advisor : Pravin Veera

 

DIRECT TAXES COMMITTEE
Chairman : Devendra Jain
Vice-Chairman : Dinesh Poddar, Abhitan Mehta
Convenors : Viraj Mehta, Dharan Gandhi, Nimesh Chothani
Advisor : K. Gopal

 

Day & Date : Saturday, 29th June, 2019
Time : 09.00 a.m. to 5.00 p.m.
Venue : Hotel West End, Terrace Hall, Churchgate, Mumbai-400 020

 

FEES
Member ₹ 2,200/- + ₹ 396 (18% GST) = ₹ 2,596/-
Non-Member ₹ 2,500/- + ₹ 450 (18% GST) = ₹ 2,950/-

After a very successful seminar on the new Benami Law last year, the Commercial and Allied Laws Committee and Direct Taxes Committee are coming out with a workshop on the new Benami Law as well as the Prevention of Money Laundering Act.

SR. NO. TOPICS SPEAKERS
1 Exhaustive deliberation on meaning and scope of Benami transactions [including 4 exceptions to a Benami transaction], Benami property, Benamidar and beneficial owner.

Special emphasis on case studies.

Dicey Issues under Benami law.

 Dr. Dilip K. Sheth
2 Practical Issues arising out of actions taken by the Benami law implementation agencies, such as attachment, bonafide purchaser etc

Handling and representation of the proceedings before the Initiating Officers (IO), Adjudicating Authority & Appellate Tribunal.		 Mr. Ashwani Taneja, Advocate [Ex-ITAT Member]
3 Role of Tax Lawyers and Chartered Accountants in Handling of notices and attachment of properties issued by the Enforcement Directorate under PMLA (Anti- Money Laundering law)

(a) Overview of the PMLA law
(b) Immediate precautions, safeguards and actions to be taken
(c) Rigours of attachment of properties acquired and held by the parties who are not directly accused in the offence of money laundering.
(d) Valuable Support mechanism which can be provided by Tax Professionals / Chartered Accountants to the clients affected by notices and actions under PMLA

 Mr Rajendra [Ex-ITAT Member]
4 Panel Discussion on Interplay between Income Tax, Benami Law, Black Money Act and PMLA:

(a) Whether parallel actions can be taken under all the above laws.
(b) Whether applicability of all these laws is cumulative or mutually exclusive.
(c) Is there any distinction in onus to prove rule of evidence etc. in implementation and application of these laws.
(d) Is there any distinction between manner and effect of attachment of the properties, their possession and confiscation etc. and their rights of usage and transfer etc. in the intervening period while possession is not taken or confiscation is not done by the respective agencies.

 Panel Discussion: CA T. P. Ostwal Mr. Ashwani Taneja, Advocate [Ex-ITAT Member]
Mr. Rajendra [Ex-ITAT Member] Dr. Dilip K. Sheth
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Details

Date:
June 29, 2019
Time:
9:00 am - 5:00 pm