The Unit Trust of India (Transfer of Undertaking and Repeal) Act
An Act to provide for the transfer and vesting of the undertaking (excluding the specified undertaking) of the Unit Trust of India to the specified company to be formed and registered under the Companies Act, 1956, and the transfer and vesting of the specified undertaking of the Unit Trust of India in the Administrator and for matters connected therewith or incidental thereto and also to repeal the Unit Trust of India Act, 1963.2002
List of Chapters & Sections
PRELIMINARY
TRANSFER AND VESTING OF THE UNDERTAKING OF TRUST IN THE SPECIFIED COMPANYAND TRANSFER AND VESTING OF THE SPECIFIED UNDERTAKING OF TRUST IN THE ADMINISTRATOR
APPOINTMENT OF ADMINISTRATOR TO MANAGE THE SPECIFIED UNDERTAKING OF THE TRUST
POWERS AND FUNCTIONS OF ADMINISTRATOR
MISCELLANEOUS
PRELIMINARY
TRANSFER AND VESTING OF THE UNDERTAKING OF TRUST IN THE SPECIFIED COMPANYAND TRANSFER AND VESTING OF THE SPECIFIED UNDERTAKING OF TRUST IN THE ADMINISTRATOR
3Transfer of initial capital4Undertaking of Trust to vest in specified company and specified undertaking of Trust to vest in Administrator5General effect of vesting of undertaking or specified undertaking in specified company or Administrator6Provisions in respect of officers and other employees of TrustAPPOINTMENT OF ADMINISTRATOR TO MANAGE THE SPECIFIED UNDERTAKING OF THE TRUST
POWERS AND FUNCTIONS OF ADMINISTRATOR
MISCELLANEOUS
12Concession, etc., to be deemed to have been granted to specified undertaking13Tax exemption or benefit to continue to have effect14Exemption from stamp duty15Guarantee to be operative16Protection of action taken in good faith17Shares, bonds, debentures and units to be deemed to be approved securities18Substitution in every Act, rule, regulation or notification by specified company or Administrator in place of Trust19Power of Central Government to alter Schedules I and II20Power of Central Government to make Scheme21Repeal and saving of Act 52 of 196322Act to have overriding effect23Application of other laws not barred24Power to remove difficulties25Repeal and saving