The Unit Trust of India (Transfer of Undertaking and Repeal) Act

Concession, etc., to be deemed to have been granted to specified undertaking

Tax exemption or benefit to continue to have effect

Exemption from stamp duty

Guarantee to be operative

Protection of action taken in good faith

Shares, bonds, debentures and units to be deemed to be approved securities

Substitution in every Act, rule, regulation or notification by specified company or Administrator  in place of Trust

Power of Central Government to alter Schedules I and II

Power of Central Government to make Scheme

Repeal and saving of Act 52 of 1963

Act to have overriding effect

Application of other laws not barred

Power to remove difficulties

Repeal and saving


MISCELLANEOUS


Any guarantee given for or in favour of the Trust with respect to
any loan, lease, finance or other assistance shall continue to be operative in relation to the specified
undertaking managed by the Administrator.

LAWGIST

# 15 Guarantee to be operative