Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002
Bare Act · 2002
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.
- Act number
- 58 of 2002
- Enacted
- 17 December 2002
- Contents
- 25 sections · 5 chapters
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Contents
Chapter I — Preliminary
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
- 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 (preview)
Chapter III — Appointment Of Administrator To Manage The Specified Undertaking Of The Trust
- Section 7 – Appointment of Administrator to manage specified undertaking (preview)
- Section 8 – Administrator to vacate office (preview)
Chapter IV — Powers And Functions Of Administrator
- Section 9 – Board of Advisers (preview)
- Section 10 – Powers and functions of Administrator (preview)
- Section 11 – Maintenance of accounts by Administrator (preview)
Chapter V — Miscellaneous
- Section 12 – Concession, etc., to be deemed to have been granted to specified undertaking (preview)
- Section 13 – Tax exemption or benefit to continue to have effect (preview)
- Section 14 – Exemption from stamp duty (preview)
- Section 15 – Guarantee to be operative (preview)
- Section 16 – Protection of action taken in good faith (preview)
- Section 17 – Shares, bonds, debentures and units to be deemed to be approved securities (preview)
- Section 18 – Substitution in every Act, rule, regulation or notification by specified company or Administrator in place of Trust (preview)
- Section 19 – Power of Central Government to alter Schedules I and II (preview)
- Section 20 – Power of Central Government to make Scheme (preview)
- Section 21 – Repeal and saving of Act 52 of 1963 (preview)
- Section 22 – Act to have overriding effect (preview)
- Section 23 – Application of other laws not barred (preview)
- Section 24 – Power to remove difficulties (preview)
- Section 25 – Repeal and saving (preview)