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Section 35 – The Unit Trust of India Act,1963

The Unit Trust of India Act,1963

Section 35. Defects in appointments not to invalidate acts, etc

(1) No act or proceeding of the Board or of any committee of the Trust shall be questioned on the ground merely of the existence of any vacancy in, or defect in the constitution of, the Board or committee.

(2) No act done by any person acting in good faith as a trustee shall be deemed to be invalid merely on the ground that he was disqualified to be a trustee or that there was any other defect in his appointment.

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The Unit Trust of India Act,1963

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