Section 25 of The Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002
- (1)The Unit Trust of India (Transfer of Undertaking and Repeal) Ordinance, 2002 (5of 2002) is hereby repealed.
- (2)Notwithstanding the repeal of the Unit Trust of India (Transfer of Undertaking and Repeal) Ordinance, 2002 (5 of 2002), anything done or any action taken under the said Ordinance, shall be deemed to have been done or taken under the corresponding provisions of this Act.
Summary
- Repeals the Unit Trust of India (Transfer of Undertaking and Repeal) Ordinance, 2002.
- Identifies the repealed Ordinance specifically as Ordinance number 5 of 2002.
- Saves any actions taken or things done under that old Ordinance so they do not lose their legal effect.
- Treats all preserved actions as if they had been done under the corresponding provisions of this new Act.
Practical examples
FAQ
1. Does the previous 2002 Ordinance still exist?
No, this section completely repeals it.
2. Does repealing the Ordinance cancel the things people already did under it?
No, anything done under the old Ordinance is saved and remains legally binding.
3. How does the law treat those past actions now?
It treats them as if they were done under this new Act instead of the old Ordinance.
Test yourself
Q1.Under Section 25 of The Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002, what happens to a legal notice issued under the repealed Ordinance 5 of 2002?
Q2.Which specific legal document is repealed by Section 25 of The Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002?
Q3.If a government official made a decision under the Ordinance just before the Act passed, how does Section 25 of The Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 handle that decision?
Q4.According to Section 25 of The Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002, what number was the repealed Ordinance of 2002?