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The Unit Trust of India Act,1963

The Unit Trust of India Act,1963

CONTENTS

Sections

Particulars

1 Short title, extent and commencement
2 Definitions
3 Establishment and incorporation of Unit Trust of India
4 Initial capital of Trust
5 Maintenance of register of contributories
6 Issue of contribution certificates
7 Right of transfer of contribution certificates in certain cases
8 Rights and liabilities of holders of contribution certificates
9 Management
10 Board of trustees
11 Term of office of trustees
12 Disqualification for being a trustee
13 Vacation and resignation of office of trustee
14 Chairman and executive trustee
15 Casual vacancy in office of Chairman or executive trustee
16 Fees and allowances of certain trustees
17 Meetings of Board
18 Executive Committee and other committees
19 Business of Trust
20 Borrowing powers
21 Unit scheme
22 Allocation of income, interest and other expenses
23 Distribution of income
24 Distribution of income after refund of initial capital
25 Definition of year
26 Preparation of balance-sheet, etc., of Trust
27 Audit
28 Publication of annual accounts and reports
29 Furnishing of information to Reserve Bank
30 Power of Reserve Bank to give directions
31 Staff of Trust
32 Income-tax and other taxes
33 Act 18 of 1891 to apply in relation to Trust
34 Declaration of fidelity and secrecy
35 Defects in appointments not to invalidate acts, etc
36 Indemnity of trustees
37 Protection of action taken under this Act
38 Delegation of powers
39 No trust to be taken notice of and protection from attachment
40 Repayment of contribution in case of winding up of contributing institution
41 Power of Central Government to reconstitute Board
42 Liquidation of trust
43 Regulations
44 Amendment of certain enactments
Schedule Schedule 1
Schedule 2

Indian Laws – Bare Acts

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