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Union of India - Section

Section 7 in The Unit Trust Of India Act, 1963

7. Right of transfer of contribution certificates in certain cases.

(1)Any contributing institution referred to in clause (d) of sub-section (2) of section 4 may, in the prescribed manner, transfer a contribution certificate to any other institution referred to in that clause and thereupon such other institution shall be deemed to be a contributing institution for the purposes of this Act.
(2)Save as provided in sub-section (1), a contribution certificate shall not be transferred.