39B. Transfer value.- In case exemption is granted to any establishment or in the case of a member being transferred from pension fund of one exempted establishment to another pension fund of exempted establishment or statutory pension fund or vice versa, a transfer value payment will be made which will consist of the following :— (a) Withdrawal benefit relating to past service period up to 15-11-1995, as per Table A multiplied by Table B factor for the period between 16-11-1995, to the date of exemption/transfer; (b) Transfer value for pensionable service as per Table E for the service rendered from 16-11-1995, or from the date of joining the establishment to the date of exemption/transfer, as the case may be; (c) In the event of cancellation of exemption granted under para 39, transfer of fund will be made as per the conditions mentioned in the exemption notification. | 
