Futwah-Islampur Light Railway Line (Nationalisation) Act : PROVIDENT FUND AND OTHER FUNDS Indian Bare Acts :

Futwah-Islampur Light Railway Line (Nationalisation) Act,1985

Act No : 83

Section : PROVIDENT FUND AND OTHER FUNDS

SECTION 11: PROVIDENT 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 the undertakings of the Company, the monies relatable to the officers or other employees whose services have become transferred, by or under this Act, to the Central Government, shall, out of the monies standing, on the appointed day, to the credit of such provident fund, superannuation fund, welfare fund or other fund, stand transferred to, and shall vest in the Central Government.

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