Where a provident fund has been established by a dissolved company or any
other company in respect of a transferred unit for the benefit of the employees and the same stands vested
in a trust, the moneys and other assets standing to the credit of each provident fund shall continue to be
held in trust with the same objects as were applicable before the appointed day and the trustees of such
trusts immediately before the appointed day shall, subject to the provisions of the trust deeds and the rules
relating to such trusts, continue to function as trustees in respect of such provident fund of the
corresponding unit of the Integral Company or of other transferee company, as the case may be, as if this
Act had not been passed:
Provided that the right to nominate trustees and other rights relating to the trusts vested in the dissolved company or other company in respect of the transferred unit, as the case may be, shall vest in the Integral Company or other transferee company, as the case may be.
Provided that the right to nominate trustees and other rights relating to the trusts vested in the dissolved company or other company in respect of the transferred unit, as the case may be, shall vest in the Integral Company or other transferee company, as the case may be.