Transitional deadline extension under Unit Trust of India Act delays expiry and adjusts investor notification timing. Effective from the first day of April, 2023, the Act amends the investor-timing language in section 8(1) to provide that investor-related timing is ... Summary
Transitional deadline extension under Unit Trust of India Act delays expiry and adjusts investor notification timing.
Effective from the first day of April, 2023, the Act amends the investor-timing language in section 8(1) to provide that investor-related timing is qualified by a Central Government notification, whichever is earlier, and substitutes the terminal date in section 13(1) with a later date, thereby extending the statutory transitional period.
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