1494. Unit Trust of India General Regulations, 1964 – Notification under regulation 42 – Authorisation to incumbents to exercise signing powers on behalf of Trust
In pursuance of regulation 42 of the Unit Trust of India General Regulations, 1964, and in supersession of the Notification No. UT/120/Secy. 52/80-81, dated January 3, 1981, and published in the Gazette of India, dated January 3, 1981, in Part III, section 4, the Board of Trustees of the Unit Trust of India hereby authorise the incumbents of the undernoted posts to exercise signing powers on behalf of the Trusts as shown below : —
1. Chief General Manager/s.
2. General Manager/s.
3. Joint General Manager/s.
4. Deputy General Manager/s.
5. Deputy General Manager/s or Officer-in-Charge at the Regional Offices of the Trust.
6. Assistant General Manager/s.
To endorse and transfer promissory notes, stock receipts, debentures, stock, shares and all other securities and documents of title to goods whatsoever standing in the name of or held by the Trust, and to draw, accept and endorse bills of exchange and all other instruments in the current and authorised business of the Trust and to sign all deeds, agreements, instruments and writings of whatever nature, lease deeds, transfers, conveyances and other deeds relating to or affecting rights to or in immovable property and to sign all other accounts, certificates, receipts and documents connected with the authorised business of the Trust, including transfer deeds for purchase or sale of shares and debentures, transfer deeds for new shares allotted by a company or other body corporate to the Trust, applications for new shares of a company or other body corporate, fractional coupons for rights and bonus issue of a company or other body corporate, sale and repurchase orders for Government securities through the Reserve Bank of India, cheques, delivery instructions to banks and brokers in connection with purchase and sale of securities, transfer endorsement on Government securities standing in the name of the Trust and redemption receipts relating to stock, shares, debentures and all other securities and letters and receipts.
II. Manager
Deputy managers
To sign cheques, delivery instructions to banks and brokers in connection with the purchase and sale of securities, letters and receipts in the current and authorised business of the Trust.
III. Staff officers
To sign letters and issue receipts in the current and authorised business of the Trust emanating from their respective divisions/departments.
Notification : U.T. No. 120/Secy. 52/80-81, dated 17-4-1989.
