Where any gratuity, welfare or other fund has been established by a dissolved company or any other company in respect of a transferred unit for the benefit of its employees and is in existence immediately before the appointed day, all moneys and other assets standing to the credit of or relatable to such gratuity, welfare or other fund shall vest in the corresponding unit of the Integral Company or other transferee company, as the case may be.
Section 20: Gratuity, welfare and other funds.
The Public Sector Iron and Steel Companies (Restructuring) and Miscellaneous Provisions Act, 1978Central Act · Act 16 of 1978
Where this provision sits
| Act | The Public Sector Iron and Steel Companies (Restructuring) and Miscellaneous Provisions Act, 1978 |
|---|---|
| Section | 20 |
| Marginal note | Gratuity, welfare and other funds. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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