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The Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002

[Act 58 of 2002]

[17th December, 2002.]

Contents  
Title The Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002
Sections Particulars
Chapter I Preliminary

1.

Short title and commencement

2.

Definitions
Chapter II Transfer and Vesting of The Undertaking of Trust In The Specified Company and Transfer and Vesting of The Specified Undertaking of Trust In The Administrator

3.

Transfer of initial capital

4.

Undertaking of Trust to vest in specified company and specified undertaking of Trust to vest in Administrator

5.

General effect of vesting of undertaking or specified undertaking in specified company or Administrator

6.

Provisions in respect of officers and other employees of Trust
Chapter III Appointment of Administrator to Manage The Specified Undertaking of The Trust

7.

Appointment of Administrator to manage specified undertaking.

8.

Administrator to vacate office
Chapter IV Powers and Functions of Administratort

9.

Board of Advisers

10.

Powers and functions of Administrator

11.

Maintenance of accounts by Administrator
Chapter V Miscellaneous

12.

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

13.

Tax exemption or benefit to continue to have effect

14.

Exemption from stamp duty

15.

Guarantee to be operative

16.

Protection of action taken in good faith

17.

Shares, bonds, debentures and units to be deemed to be approved securities

18.

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

19.

Power of Central Government to alter Schedules I and II

20.

Power of Central Government to make Scheme

21.

Repeal and saving of Act 52 of 1963

22.

Act to have overriding effect

23.

Application of other laws not barred

24.

Power to remove difficulties

25.

Repeal and saving

Schedule I

Schemes

Schedule II

Schemes and Plans


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