Unit Trust of India Act : Allocation of income in respect of first unit scheme. Indian Bare Acts :

Unit Trust of India Act,1963

Act No : 52

Section : Allocation of income in respect of first unit scheme.

24. Allocation of income in respect of first unit scheme. The income of the Trust in any year arising out of the capital of the Trust relating to the first unit scheme shall be allocated to the initial capital and the unit capital thereof in the same proportion as the former bears to the latter at the end of that year. 160