Amendment status not verified — confirm the current text below against the official source.
(1) Notwithstanding anything contained in the Kerala Non-trading Companies Act, 1961 (42 of 1961), with effect on and from the date on which this section comes into force, the Kerala Granthasala Sanghom shall, by virtue of this section, be deemed to have been merged in the Kerala State Library Council. (2) All properties and all rights of whatever kind used, enjoyed or possessed by an all interests of whatever kind owned or vested or held by the Granthasala Sanghom and all liabilities legally subsisting against the Granthasala Sanghom including the liabilities towards the dues to the employees at the commencement of the Kerala Granthasala Sanghom (Taking Over of Management) Act, 1977 (19 of 1977), shall, with effect on and from the commencement of this section and subject to such directions as may be issued by Government in this behalf, vest in the State Library Council and the State Library Council shall discharge such liabilities in the order or priority specified in the Schedule to this act. (3) Every Officer or other employee employed immediately before the commencement of this section, in connection with the affairs of the Granthasala Sanghom shall, as from such commencement become an officer or other employee of the State Library Council and shall hold his office by the tenure, remuneration and terms and conditions of employment as may be altered as per the provisions in the Industrial Disputes Act, 1947 (Central Act 14 of 1947), and with the same rights and privileges as to pension, gratuity and other matters as he would have held under the Granthasala Sanghom if this section had not been enacted and shall continue to do so unless and until his employment under the State Library Council is terminated or until his remuneration, terms and conditions are duly altered by the State Library Council: Provided that if the alteration so made is not acceptable to any officer or other employee, his employment shall be terminated on payment to him by the State Library Council of an amount equivalent to three months' remuneration in the case of permanent employees and one months' remuneration in the case of other employees: Provided further that nothing contained in this sub-section shall apply to any officer or other employee who has, by notice in writing given to the State Library Council within thirty days from the commencement of this section, intimated his intention of not becoming an officer or other employee of the said Council. (4) Notwithstanding anything contained in the Industrial Disputes Act, 1947 (Central Act 14 of 1947), or in any other law for the time being in force, the transfer of the services of any officer or other employee of the Granthasala Sanghom to the State Library Council under sub-section (3) shall not entitle any such officer or other employee to any compensation under that Act or other law, and no such claim shall be entertained by any Court, Tribunal or authority.