Amendment status not verified — confirm the current text below against the official source.
( I ) Any person has, on- the appointed day, in his posreision-or under . gobs tn amag hi3 control, any assets, boob, docum-nts or other papers relating to tlle,Powcr, ' , mtform~.!'fm Station which ha^ vested In the State Government or the -Corpo;atjon under this , erG1n ~;;,rhall be liabla to account for the said as:ets, bookr, documentl and other passcalon. , .papea k the .State Government Or, as the C a m may bc, to !he Corporatron,-and shall delivzr them to the State Government or the ,Corporation ir to such persoh or persons as the State Government or the C O ~ P ? ~ ~ ~ ~ O I I may S W ~ S , in this hhdf. - . , (2) The state ~oiernment or, as the CIS may be, the Corporation, may take or cause to be taken all neccssary steps for zecuring pos~ossion of the Powcr Station which ha< vested in the Statc Government, or the Corporation under this Act. (3) The Board shall, within such period as the State Government may allow in this behalf, furnish to the State Government a cornplcte inventow of all its properties and assets, both movable and immovable, as cn' the appointed day, pertaining to the Po Wer Station which has vested in the State Gcvemment under section 3 and for this purpose, the State Government or the Corporation shall afford to the Board a11 reasonsblt facilities. CHAPTER V - PROVISIONS RELATING TO EMPLOYEES OF THE POWER STAT1,ON Absarprion ' 10. ( I ) Every person who ha? becn, immediately before the appointed day, a or employec3. regular employee of the Power Station, shall, on and from the appointed day, bt deemed to be on deputation with the Slale Government on $he same terms and coaditioas, subject to the provisions conteined in sub-section (2). (2) On the . vesting of the Power Station in thc Corporation under section 5, the Corporation shall, save as otberrp'ise provided, absorb the employees of the Board working in thc Power Station, in the following manner :- (a) Subject to thc provi5ion9 of. ilauses. @) and (c) of this sub-section and sub-rcctions (3) and (4); all ths ,employees on the regular rolls of the Powcr Station shall be absorbed in the serviceq ,of the Ccrporatioh who m y , with a view to achieving better productivity and eficiency, redep!oY , . them in talc he^ Super Thermal Power Project or in any ,other Project or , Powcr Station blonging to them and such employees abiorbed in tho services of the,Corporation sha!l be governed by the R u b and Regulations of the Corporation in force from time to time. . L . . (b) Officers in the rank of Executive Engineer and above, whatever designs' tion they hold, shall, be retained by the Board for deployment in other ' - activities of the BoaId or the State Government. , (c) Olscers in the rank of Assistant Engineer, whatever desigpation they hold. , sball be kept on deputation , with the Corporation, and their absorption fa the Corporation or repatriation to the Board or tbc State Government shall be regulated in thc following manner :- (i) twentpfive percenturn 'of them shall be absorbed, ih order of their suitabilily as may bc determined by the Corporation, during tho first year of vesting of iht Power Station in the Corporation ; - . (ii) twenty-five pcrcenfum pf them &all ba repatriated to the Boardduring the first year of such vesting for redeployment in the Board or under the - - State Governmcnt Departments ; , (fii) further twenty-five .Percenturn of them shdl be absorbed in order of their suitability as may be determined by the Coi oration, during the' second and third years of such vesting (that is 15Zin scx'nd year and 10% in the third year) ; . . (Iv) tha remaining twenty-five percenturn of the oficers shall be . repatriated to tbe Board during the'second. aad third pan of such vesting for redeployment in the, Board or under the State GOY& n m a n t Departments. . . '. (3) All Stipendiary Engiaecrs in employment in the Power Station immediately before the appointed day, shall be retained by the Board. (4) Notwithstanding anything in tk preceding subsections, ertlploy&~ appointed, if any, in the Power Station afier the 1 lth October 1994 shall be retained by the Board. Tcrrnnaud '