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Section 1 – The Unit Trust of India Act,1963

The Unit Trust of India Act,1963

Section 1. Short title, extent and commencement

[ACT NO.52 OF 1963]

[30th December,1963]

An Act to provide for the establishment of a Corporation with a view to encouraging saving and investment and participation in the income, profits and gains accruing to the Corporation from the acquisition, holding, management and disposal of securities.

BE it enacted by Parliament in the Fourteenth Year of the Republic of India as follows:-

(1) This act may be called the Unit Trust of India Act,1963.

(2) It extends to the whole of India.

(3) It shall come into force on such date1 as the Central Government may, by notification in the Official Gazette, appoint.

——————–

1. 1-2-1964; vide Notification No.G.S.R.172, dated 31-1-1964, Gazette of India, Extraordinary, Pt.II.Sec.3(i), p.47.

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The Unit Trust of India Act,1963

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