Section 13
Provident fund and other funds.
The Dalmia Dadri Cement Limited (Acquisition and Transfer of Undertakings) Act, 1981
About this Act
An Act to provide for the acquisition and transfer of the undertakings of the Dalmia Dadri Cement Limited with a view to securing the proper management of such undertakings so as to subserve the interest of the general public by ensuring the continued manufacture, production and distribution of cement which is essential to the needs of the economy of the country and matters connected therewith or incidental thereto.
(1) Where the Company has established a provided 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 or the Cement Corporation,
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 vest in, the Central Government
or the Cement Corporation, as the case may be.
(2) The monies which stand transferred under sub-section (1) to the Central Government or the Cement Corporation, as the case may be, shall be dealt with by that Government or that Corporation in such manner as may be prescribed.
(2) The monies which stand transferred under sub-section (1) to the Central Government or the Cement Corporation, as the case may be, shall be dealt with by that Government or that Corporation in such manner as may be prescribed.