What types of funds are included in the transfer to the

Solution

Section 8. Provident, superannuation, welfare and other funds: (1) Where an  existing insurer has established a provident, superannuation, welfare or any other fund for  the benefit of his employees and constituted a trust in respect thereof (hereafter in this  section referred to as an existing trust), the moneys standing to the credit of such fund on  the  appointed  day,  together  with  any  other  assets  belonging  to  such  fund,  shall  stand  transferred to and vested in the Indian insurance company on the appointed day free from  any such trust.