Unit Trust of India General Regulations, 1964 - Notification under regulation 42 - Authorisation to incumbents to exercise signing powers on behalf of Trust
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Signing authority delegated for endorsement and execution of securities, instruments and transactional documents on behalf of the Trust.
Delegation under regulation 42 authorises specified senior incumbents to endorse and transfer promissory notes, stock receipts, debentures, shares and other securities; to draw, accept and endorse bills of exchange; and to sign deeds, agreements and other instruments including documents affecting immovable property, transfer deeds for purchase or sale of securities, applications for new shares, sale and repurchase orders for Government securities via the Reserve Bank, cheques, delivery instructions to banks and brokers, transfer endorsements and redemption receipts in the Trust's authorised business.