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Section 32: Provisions respecting employees of the dissolved company · Complied AI

Section 32Chapter 8

Provisions respecting employees of the dissolved company

(1)

Every person employed in the

dissolved company prior to the 1st day of September, 1958 , and still in its employment immediately

before the commencement of this Act shall, as from such commencement, become an employee of the

Institute, shall hold his office or service therein by the same tenure and upon the same terms and

conditions and with the same rights and privileges as to pension and gratuity as he would have held the

same under the dissolved company if this Act had not been passed, and shall continue to do so unless and

until his employment in the Institute is terminated or until his remuneration, terms and conditions of

employment are duly altered by the Institute.

(2)

Notwithstanding anything contained in the Industrial Disputes Act, 1947 (14 of 1947), or in any

other law for the time being in force the transfer of the services of any employee of the dissolved

company to the Institute shall not entitle any such employee to any compensation under that Act or other

law, and no such claim shall be entertained by any court, tribunal or other authority.