Section Section 4A
of the Unit Trust of India Act; 1963 (52 of 1963); and thereupon the person so d
section 4A of the Unit Trust of India Act; 1963 (52 of 1963); and thereupon the person so deputed shall, during the period of his deputation, render such service to the institution to which he is so deputed as that institution may require:] (2) Where a person has been deputed to an institution under sub-section (Z), he shall not be entitled to claim any salary, emoluments and other terms and conditions of service which he would not have been entitled to claim if he had not been so deputed. 3) Nothing contained in this section shall empower the Bank to depute any member of its staff to any institution on any salary, emoluments O other terms and conditions which is Or are less favourable to him than that or those to which he is entitled immediately before such deputation. For the purposes of this section, an institution shall be deemed to be substantially owned by the Bank if in the capital of the institution the Bank has not less than forty per cent, share. Explanation. The word "capital" means, in relation to the Unit Trust, the initial capital of the Trust:] 55. [Reports by the Bank]-Omitted by the Reserve Bank (Transfer to Public Ownership) Act, 1948 (62 of 1948), $ 7 and the Schedule (w.e f 1-1-1949). 56. [Power to require declaration as to ownership 0f registered shares] Omitted by $. 7 and the Schedule, ibid. (w.e f: 1-1-1949).
1. Subs: by the M.O. 1937, for "G.G. in C"_ 2. Sub-section (3) omitted by Act 62 of 1948, s. 7 and the Schedule (W.e.f: 1-1-1949). 3 . Subs. by Act 61 of 1981, s. 61 and the Second Schedule, for
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