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ACT VII OF 1975 ACT VII OF 1975 ASSOCIATED CEMENT (VESTING) ACT, 1974 An Act to provide for the vesting of the Associated Cement in the State Cement Corporation of Pakistan Limited [Gazette of Pakistan, Extraordinary, Part I, 17th January 1975] The following Act of Parliament received the assent of the President .on the 13th January 1975, and is hereby published for general information :- 6. Provident Fund.---(1) Notwithstanding anything contained in the rules, relating to the Provident Fund of the Staff of the Associated Cement and the Provident Fund of the Workers of Associated Cement, the accumulated balance standing to the credit of every officer or employee referred to in sub- section (1) of section 4 in either of those Funds immediately before the commencing day shall be paid to the Corporation. (2) An officer or employee referred to in subsection (1) of section 4 shall be deemed to have become as from the commencing day a member of the Provident Fund established, by the Corporation and, in the records of such Provident Fund, a separate account shall be opened for such officer or employee and be credited with the amount of the accumulated balance standing to the credit of such officer or employee in the Provident Fund of the Staff of the Associated Cement or, as the case may be, the Provident Fund of the Workers of the Associated Cement immediately before the com mencing day. (3) Where the services of any officer or employee referred to in sub section (1) of section 4 are transferred to any other corporation or company, the accumulated balance standing to the credit of every such officer or employee in the Provident Fund of the Corporation immediately before such transfer shall be paid to such other corporation or company and, in the records of the Provident Fund of the corporation or company, a separate account shall be opened for such officer or employee and be credited with the amount of the accumulated balance standing to his credit in the Provident Fund of the Corporation immediately before such transfer.