Section 23 of The Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002
The provisions of this Act shall be in addition to, and not in derogation of the provisions of any other law for the time being in force.
Summary
- This Act works alongside other existing laws, rather than replacing them entirely.
- It adds new rules without taking away the power or authority of other laws, as long as they do not conflict.
- People, companies, and the Administrator must still follow general laws like criminal codes, tax laws, or property laws unless this Act specifically says otherwise.
Practical examples
FAQ
1. Does this Act completely replace all other laws for the new company?
No, it works in addition to other laws, so general laws still apply.
2. What does it mean that the Act is "not in derogation of" other laws?
It means this Act does not lessen, ignore, or take away the authority of other existing laws.
Test yourself
Q1.Under Section 23 of The Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002, how does this Act relate to other existing laws?
Q2.Under Section 23 of The Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002, if this Act is silent on a specific business operation, what happens?
Q3.Under Section 23 of The Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002, the phrase "not in derogation of" most nearly means what in plain language?
Q4.Under Section 23 of The Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002, does the specified company still have to obey basic criminal laws?