Unit Trust of India Act : Grants, donations, etc., to Trust. Indian Bare Acts :

Unit Trust of India Act,1963

Act No : 52

Section : Grants, donations, etc., to Trust.

20B. Grants, donations, etc., to Trust. The Trust may receive gifts, grants, donations or benefactions from Government or any other source and such gifts, grants, donations or benefactions shall be treated by the Board as capital or income of the first unit scheme or, as the case may be, of any subsequent unit scheme according to the purposes for which they are made and in the absence of any indication of such purposes, they shall be treated as capital or income of such unit scheme or schemes and to such extent as the Board thinks fit.]