Transfer of accumulation from existing provident fund.

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....nd to the Commissioner, within twenty-five days of the application of this Scheme or cancellation of exemption, a statement showing the amount standing to the credit of each subscriber on the date of the transfer, the total accumulations to the credit of subscribers generally on that date and the advances, if any, taken by the subscribers; (ii) transfer to the Fund, in the manner specifie....

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....nt in determining the amount of the accumulations to be transferred, provided that the difference between the face value of such certificate and their appreciated value at the time of the transfer has already been credited to the accounts of the subscribers: Provided further that where the whole or any part of such accumulations consists of investments in securities, the Central Governmen....