Amendment status not verified — confirm the current text below against the official source.
After Chapter IX of the 1997 Adt; the following Chapter..shall;be inserted, Insertion Chapter Ofnt IX- namely:- - .;,.$;<.T ,. "CHAPTER -1X-A . . ,- # . . ?'iEl l 1 47-A. Trortsfer of certain colhgds rr6 Univer.ti?\:.-( 1) Notwithstanding anything contained in this Act or the statutes, regulations, ordinances and orders made thereunder, on and from the date of commencement of the Tamil Nadu Universities Laws (Amendment) Act. 2002 (FreaRe: in this Chapter referred to as the notified date), the cottegk<sfiecified iir~lfc~chcduteaha~be transferred to, and maintained by, the Periyar University as the cdd~tituent colleges. of that University. e I (2) On and frdm the notified date, the control and management of the constituent colleges specified in sub-section (I). and all properties, assets and-liabilities of tly. - Government in relatioh . thereto shall stand transferred to. and vestLrin; the Petiyar 9 Ilniversity. 41 11 li I / I ~ ~ / V I 111 t ~ > I ~ I , I / I I , t 1 1 / b / 4 b ! & ~ # l 1 )) j,wt IW~I ~ ~ I I I , WII~I II~~IIII~~II~~I~~Iv l ~ t - l o t t ~ l l ~ t s r~olllictl tlofc, i a wrvit~g it1 tlrc* ( ctllcget qwcifiid art rhc 'ichrclrrlr sJtall. ;I$ from ~ l w sil~tl I date, beconre an cmployce of clle (Inivcrs~iy a d shall ccaw to be an ernployec of the Government. (2) Every person referred to in sub-section (1) sball hold office under the Periyar University for the same tenure ar tbe same m ~ r a t i o n and upon the same rights and privileges as to pension or gratuity. if any. d oother matters as he would have held the same on the notified date as if tl,c Tamil Nadu Universities Laws (Amendment) Act, 2002 had not been passed. (3) The liability to pay pension d gratuity to the persons referred to in sub- section (1) shall be the liability of tk Periyar University. 47-C. Transfer of accumultrriorrs in h r i d e n r Fundund other like Funds.-41) The sums at the credit of the Providci~t F w d Accounts ofthe persons referred to in sub-section (1) of section 43-B as on the ncttfid date shall be tcansferred to tbe Periyar University and the liability in respect of the said Provident F w d Ac~wunt~ shall be the liability of the Periyar Univers~r, . (2) There shall be paid to ilwe Periyar University out of the accumulations in the superannuation fund and other like h d s , if my, of the Government, such amounts as have been credited to the supera~ln~~tion fund or other like funds, if any, on behalf of the persons referred to in sub-sectim (1 ) ofsectiao47-B. The a m m e so paid stall fonn part of the superannuation fund or other L i Z - if any* that may be established by the Periyar University for the benefit ofits tmployee.". Addition of new