Clause 2

Section 16 of the Commercial and Industrial Security Corporation Act, 1972 (hereinafter in this Act referred to as “the principal Act”) is hereby amended by inserting immediately after subsection (3) thereof the following new subsection: —“(4) In every case where a person has been transferred to the service of the Corporation under section 15 of this Act, the Government shall be liable to pay to the Corporation such portion of any gratuity, pension or allowance payable to such person on his retirement as the same shall bear to the proportion which the aggregate amount of his pensionable emoluments during his service with the Government bears to the aggregate amount of his pensionable emoluments during his service under both the Government and the Corporation.”.