For the persons who immediately before the appointed day are the trustees of the following funds, that is to say,—

(a) the Imperial Bank of India Employees Provident Fund;

(b) the Imperial Bank of India Employees Pension and Guarantee Fund;

(c) the Bank of Bombay Officers Pension and Guarantee Fund;

(d) the Bank of Madras Pension and Gratuity Fund; and

(e) the Bank of Madras Officers Provident and Mutual Guarantee Fund;

there shall be substituted as trustees such persons as the Central Government may, by general or special order, specify.