Unit Trust of India definition

Unit Trust of India means the Unit Trust of India established under the Unit Trust of India Act, 1963 (52 of 1963).]
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Examples of Unit Trust of India in a sentence

  • For this purpose (i) “Administrator” means the Administrator as referred to in section 2(a) of the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 and (ii) “Specified Company” means a company as referred to in section 2(h) of the said Act.

  • The shareholding of Unit Trust of India was subsequently transferred to SUUTI, an entity established in 2003.

  • In terms of The Unit Trust of India (Transfer of Undertaking and Repeal) Act 2002 (hereafter referred to as the Act), interalia, all the Schemes / Plans of the erstwhile Unit Trust of India stood transferred to and vested in UTI Trustee Company Private Limited, the Trustee Company of UTI Mutual Fund and the Administrator of the Specified Undertaking of the Unit Trust of India with effect from the appointed day i.e. 1st February 2003.

  • The Bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd.

  • All capital assets, being shares held in a company or any other security listed in a recognized stock exchange in India or unit of the Unit Trust of India or a unit of a mutual fund specified under section 10(23D) of the Act or a zero coupon bond, held by an assessee for more than twelve months are considered to be long – term capital assets, capital gains arising from the transfer of which are termed as LTCG.

  • The Specified Undertaking of Unit Trust of India (SUUTI) is a Statutory Authority, which came into existence with effect from 1st February, 2003 on passing of The Unit Trust of India (Transfer of Undertaking and Repeal) Act 2002, which was Gazetted by the Central Government on 18th December, 2002.

  • For this purpose (i) ‚ Administrator‛ mean the Administrator as referred to in section 2(a) of the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 and (ii) ‚Specified Company‛ means a company as referred to in section 2(h) of the said Act.

  • All schemes as issued from time to time other than master shares, issued by Unit Trust of India will be accepted as Security Deposit at their face value.

  • In respect of securities (other than a unit) listed in a recognised stock exchange or shares held in a listed company, units of equity oriented Mutual Fund, Units of Unit Trust of India or, Zero coupon bonds and any other listed securities (other than units) held for a period less than or equal to 12 months, such gain is treated as short term capital gain.

  • He held various responsibilities including equity dealing at UTI Mutual Fund (erstwhile Unit Trust of India) from October 1989 till October 2003.

Related to Unit Trust of India

  • Share Trustee means Monument Trustees Limited, with its registered office at 57 Herbert Lane, Dublin 2, Ireland and CRO number 345558, and any successor thereto.

  • Corporate Trust Office means the office of the Trustee at which, at any particular time, its corporate trust business shall be principally administered, which office at the date hereof is located at .

  • Corporate Trust Office of the Trustee shall be at the address of the Trustee specified in Section 12.02 hereof or such other address as to which the Trustee may give notice to the Company.

  • Trustee means any person, including the founder of a trust, to whom property is bequeathed in order for such property to be administered for the benefit of another person.