Act Number: 58

Act Name: The Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002

Year: 2002

Enactment Date: 2002-12-17

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 14: Exemption from stamp duty.
    Notwithstanding anything contained in the Indian Stamp Act, 1899 (2 of 1899), the transfer and vesting of the undertaking and the specified undertaking in terms of section 4 shall not be liable to the payment of any stamp duty under that Act.
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