Transfer of accumulations in provident fund and other like funds

(1) The sums at the credit of the provident fund accounts of the persons referred to in sub-section (1) of section 50 as on the appointed day and of the persons referred to in sub-section (2) of that section as on the dates specified in the order under sub-section (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, (2) Funds shall be paid to the Assam Veterinary and Fishery University, out of the accumulations in the superannuation fund and other like funds, if any of the Assam Agricultural University, 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-section (1) and (2) of section 50. The amounts so paid shall form part of the superannuation fund or other funds, if any that may be established by the Assam Veterinary and Fishery University for the benefit of its employees.