Bengal Immunity Company Limited (Acquisition and Transfer of Undertakings) Act : PROVIDENT FUND AND OTHER

Bengal Immunity Company Limited (Acquisition and Transfer of Undertakings) Act,1984

Act No : 57

Section : PROVIDENT FUND AND OTHER FUNDS

SECTION 14: PROVIDENT FUND AND OTHER FUNDS

(1) Where the Company has established a provident fund. superannuation fund, welfare fund or other fund for the benefit of the persons employed in the undertakings of the Company, the monies relatable to the employees,, whose services have become transferred by or under this Act to the Central Government or the existing, or new. Government company, as the case may be, shall out of the monies standing, on the appointed day to the credit Of such provident, superannuation welfare or other fund stand transferred to and shall vest in, the Central Government or the existing, or new. Government company, as the case may be.

(2) The monies which stand transferred under sub-section (1) to the Central Government or the existing, or new. Government company, as the case may be, shall be dealt with by that Government or the existing, or new, Government company in such manner as may be prescribed.