Brentford Electric (India) Limited (Acquisition and Transfer of Undertakings) Act : PROVIDED FUND AND OTHER

Brentford Electric (India) Limited (Acquisition and Transfer of Undertakings) Act,1987

Act No : 36

Section : PROVIDED FUND AND OTHER FUNDS

SECTION 13: PROVIDED FUND AND OTHER FUNDS

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

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