Unit Trust of India Act : Transfer of initial capital to Development Bank. Indian Bare Acts :

Unit Trust of India Act,1963

Act No : 52

Section : Transfer of initial capital to Development Bank.

1*[4A. Transfer of initial capital to Development Bank. On such date as the Central Government may, by notification in the Official Gazette, appoint (hereinafter referred to as the notified date), all the contributions made by the Reserve Bank to the initial capital of the Trust, as on the date immediately preceding the notified date, shall, stand transferred to, and vested in, the Development Bank.