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 (4) of section 69 as on the date specified in the order under the said sub-section (4) shall be transferred to the University and the liability in respect of the said provident fund account shall be the liability of the University. (2) There shall be paid to the Tamil Nadu Dr. Ambedkar Law University out of the accumulation in the superannuation fund and other like funds, if any, of the University of Chennai, the Madurai-Kamaraj University, the Bharathiar University, the Bharathidasan University and Manonmaniam Sundaranar University such amount as have been credited to the superannuation fund or other like funds, if any, on behalf of the persons referred to in sub-section (4) of section 69. 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 Dr. Ambedkar Law University for the benefit of its employees.