State Act

44

Section 44. Transfer of accumulations in Provident Fund and other like funds

THE TAMIL NADU VETERINARY AND ANIMAL SCIENCES UNIVERSITY ACT 1989

Act no. 42 of 19891989In forceTamil Nadu (State Act)

44(1) The sums at the credit of the provident fund accounts of the persons referred to in sub-section (1) of section 43 as on the appointed day and of the persons referred to in sub-section (2) of that section as on the date specified in the order under clause (a) of the said sub-section (2) shall be transferred to the University and the liability in respect of the said provident fund accounts shall be the liability of the University. (1-A) “The sums at the credit of the provident fund accounts of the persons specified in the order under sub-section (1-B) of section 43 as on the date specified in that order shall be transferred to the Tamil Nadu Agricultural University and the liability in respect of the said provident fund accounts shall be the liability of the Tamil Nadu Agricultural University”. (2) There shall be paid to the Tamil Nadu Veterinary and Animal Sciences University out of the accumulations in the superannuation fund and other like funds, if any, of the Tamil Nadu Agricultural University or, as the case may be, of the Government, such amounts as have been credited to the superannuation fund or other like funds, if any, on behalf of the persons referred to in sub-sections (1) and (2) of section 43. The amounts so paid shall form part of the superannuation fund or other like funds, if any, that may be established by the Tamil Nadu Veterinary and Animal Sciences University for the benefit of its employees. (2-A) “There shall be paid to the Tamil Nadu Agricultural University out of the accumulations in the superannuation fund and other like funds, if any, of the University, or, as the case may be, of the Government, such amounts as have been credited to the superannuation fund or other like funds, if any, on behalf of the persons specified in the order under sub-section (1-B) of section 43. The amount so paid shall form part of the superannuation fund or other like funds, if any, that may be established by the Tamil Nadu Agricultural University for the benefit of its employees”.