Amendment status not verified — confirm the current text below against the official source.
Transfer of accumulations in provident fund and other like funds.— (1) The sums at the credit of the provident fund accounts of the persons referred to in clause (b) of sub- section (9) of section 33 as on the date specified in the order under clause (b) of sub-section (9) of section 33 shall be transferred to the University or the educational institution or the Government department, as the case may be, to which such person is allotted and the liability in respect of the said provident fund accounts shall be the liability of such University or the educational institution or the Government department. (2) There shall be paid to the University or the educational institution or the Government department referred to in sub-section (1), out of the accumulations in the superannuation fund and other like funds, if any, of the Anna University of Technology, Tiruchirappalli, Anna University of Technology, Coimbatore, Anna University of Technology, Tirunelveli, Anna University of Technology, Chennai and Anna University of Technology, Madurai, as the case may be, such amounts as have been credited to the superannuation fund or other like funds, if any, on behalf of the persons referred to in clause (b) of sub- section (9) of section 33. The amounts so paid shall form part of the superannuation funds or other like funds, if any, of the University or the educational institution or the Government department, as the case may be, for the benefit of its employees.” 16.Amendm ent of Schedule I.- In Schedule I to the principal Act,— (1) for the expression “See sections 2(b) and 3(3)”, the expression “See section 2(b)” shall be substituted; (2) item I shall be renumbered as item I-A and before item I-A as so renumbered, the following item shall be inserted, namely:— “I. The College of Engineering, Guindy, Chennai.”.