Bolani Ores Limited (Acquisition of Shares) and Miscellaneous Provisions Act : GRATUITY, WELFARE FUND AND

Bolani Ores Limited (Acquisition of Shares) and Miscellaneous Provisions Act,1978

Act No : 42

Section : GRATUITY, WELFARE FUND AND OTHER FUNDS

SECTION 13: GRATUITY, WELFARE FUND AND OTHER FUNDS

- Where any gratuity, welfare fund or other fund has been established by the dissolved company for the benefit of its employees and is in existence immediately before the appointed day, all monies and other assets standing to the credit of or relatable lo such gratuity, welfare fund or other fund shall vest in the Steel Authority of India.