THE UNIT TRUST OF INDIA (TRANSFER OF UNDERTAKING AND REPEAL) ACT, 2002

ACT 58 OF 2002 · Enacted [17th December, 2002.] · 25 sections

PRELIMINARY

Section 1.Short title and commencement.

Section 2.Definitions.

TRANSFER AND VESTING OF THE UNDERTAKING OF TRUST IN THE SPECIFIED COMPANYAND TRANSFER AND VESTING OF THE SPECIFIED UNDERTAKING OF TRUST IN THE ADMINISTRATOR

Section 3.Transfer of initial capital.

Section 4.Undertaking of Trust to vest in specified company and specified undertaking of Trust to vest in Administrator.

Section 5.General effect of vesting of undertaking or specified undertaking in specified company or Administrator.

Section 6.Provisions in respect of officers and other employees of Trust.

APPOINTMENT OF ADMINISTRATOR TO MANAGE THE SPECIFIED UNDERTAKING OF THE TRUST

Section 7.Appointment of Administrator to manage specified undertaking.

Section 8.Administrator to vacate office.

POWERS AND FUNCTIONS OF ADMINISTRATOR

Section 9.Board of Advisers.

Section 10.Powers and functions of Administrator.

Section 11.Maintenance of accounts by Administrator.

MISCELLANEOUS

Section 12.Concession, etc., to be deemed to have been granted to specified undertaking.

Section 13.Tax exemption or benefit to continue to have effect.

Section 14.Exemption from stamp duty.

Section 15.Guarantee to be operative.

Section 16.Protection of action taken in good faith.

Section 17.Shares, bonds, debentures and units to be deemed to be approved securities.

Section 18.Substitution in every Act, rule, regulation or notification by specified company or Administrator in place of Trust.

Section 19.Power of Central Government to alter Schedules I and II.

Section 20.Power of Central Government to make Scheme.

Section 21.Repeal and saving of Act 52 of 1963.

Section 22.Act to have overriding effect.

Section 23.Application of other laws not barred.

Section 24.Power to remove difficulties.

Section 25.Repeal and saving.