Extension of sunset provision under Unit Trust Act: statutory deadline deferred, altering the applicable transitional timeline. The amendment substitutes the statutory deadline in section 13(1) of the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002, replacing the earlier prescribed sunset date with a later prescribed date and making that substitution effective from the commencement date specified in the Finance Act so that the amended date governs the timeline and transitional obligations under that subsection.
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Provisions expressly mentioned in the judgment/order text.
Extension of sunset provision under Unit Trust Act: statutory deadline deferred, altering the applicable transitional timeline.
The amendment substitutes the statutory deadline in section 13(1) of the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002, replacing the earlier prescribed sunset date with a later prescribed date and making that substitution effective from the commencement date specified in the Finance Act so that the amended date governs the timeline and transitional obligations under that subsection.
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