UNIT TRUST OF INDIA ACT, 1963

Enter the Future of Legal Excellence with SupremeToday AI

Elevate your legal practice with advanced AI-driven research and drafting solutions. Experience unmatched efficiency, precision, and security, tailored exclusively for legal professionals.

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

S.1 Short title, extent and commencement

S.2 Definitions

S.3 Establishment and incorporation of Unit Trust of India

S.3(a) Prohibition against the use of words "Unit Trust", "Unit" or "Units" as a part of the name of any person other than the Trust

S.4 Initial capital of Trust

S.4(a) Transfer of initial capital to Development Bank

S.4(b) Payment of amount

S.5 Maintenance of register of contributories

S.6 Issue of contribution certificates

S.7 Right of transfer of contribution certificates in certain cases

S.8 Rights and liabilities of holders of contribution certificates

S.9 Management

S.10 Board of Trustees

S.10(a) Transitional provision for continuance of Chairman and certain trustees of the Board

S.11 Term of office of trustees

S.12 Disqualification for being a trustee

S.13 Vacation and resignation of office of trustee

S.14 Chairman and executive trustee

S.14(a) Emergency powers of the whole-time Chairman

S.15 Casual vacancy in office of Chairman or executive trustee

S.16 Fees and allowances of certain trustees

S.17 Meetings of Board

S.18 Executive Committee and other committees

S.19 Business of Trust

S.19(A) Power to impose conditions, etc.

S.19(b) Special provision for enforcement of claim by the Trust

S.20 Borrowing powers

S.20(a) Special contribution by Reserve Bank

S.20(b) Grants, donations, etc. to Trust

S.20(c) Power to transfer rights

S.21 Unit scheme

S.22 Capital of the Trust

S.23 Income of the Trust

S.24 Allocation of income in respect of first unit scheme

S.25 Allocation of interest and other expenses

S.25(A) Distribution of income

S.25(b) Reserve Funds

S.25(c) Definition

S.26 Preparation of balance-sheet, etc. of Trust

S.27 Audit

S.28 Publication of annual accounts and reports

S.29 Furnishing of information

S.30 Power of Reserve Bank to give directions

S.31 Staff of Trust

S.32 Income-tax and other taxes

S.33 Act 18 of 1891 to apply in relation to Trust

S.34 Declaration of fidelity and secrecy

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

Enter the Future of Legal Excellence with SupremeToday AI