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(1) Where either of the two companies has established a
provident fund, superannuation, welfare or 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 or an existing, or a new, Government
company shall, out of the moneys standing, on the appointed day, to the credit of such provident fund,
superannuation, welfare or other fund, stand transferred to, and shall vest in, the Central Government or
the existing, or new, Government company, as the care may be.
(2) The moneys 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.
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