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Union of India - Section

Section 4A in The Unit Trust Of India Act, 1963

4A. [ Transfer of initial capital to Development Bank. [Inserted by Act 52 of 1975, Section 46 (w.e.f. 16-2-1976)]

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.