Amendment status not verified — confirm the current text below against the official source.
Provident fund and other funds -( 1) Where the Company ha"s esta- blished a provident fund, superannuation fund, welfaie fund or other fund for the benefit of the persons employed m any of its undertakmgs, the monies relatable to the officers or other employees whose services have become trans- ferred by or_ under tills Act to the Government or the Government Company shall, out of the momes standmg on the appomted day, to the credit of such provtdent fund, superannuatiOn fund, welfare fund or other fund, stand transferred to, and shall vest in, the Government or the Government Company, as the case may be. (2) The morues wh1ch stand transferred under sub-sectiOn ( 1) to the Government~r the Government Company, as the case may be, shall be d_alt with bY, the Government or- the Government Company tn such manner as may be prescribed. CHAPTER VI COMMISSIONER OF PAYMENTS .