Abstract - UNIT TRUST OF INDIA (TRANSFER OF UNDERTAKING AND REPEAL) ACT, 2002 - Income-tax Act, 1961

SECTION 2(a) AND (h) OF UNIT TRUST OF INDIA (TRANSFER OF UNDERTAKING AND REPEAL) ACT, 2002 Definitions. 2. In this Act, unless the context otherwise requires,- (a) Administrator means a person or a body of persons appointed as Administrator under section 7; ** ** ** (h) Specified company means a company to be formed and registered under the Companies Act, 1956 (1 of 1956) and whose entire capital is subscribed by such financial institutions or banks as may be specified by the Central Government, by notification in the Official Gazette, for the purpose of transfer and vesting of the undertaking; (i) specified undertaking includes all business, assets, liabilities and properties of the Trust representing and relatable to the schemes and Development Reserve Fund specified in the Schedule I;