Amendment status not verified — confirm the current text below against the official source.
(1) The Government sh2ll imm~diately after the WlGred vesting cf the a cquircd property under seciion 4 by order property transfer the whole of the wid property in favour of corporation ,-, company scch ccrpcratjon or company owned by the Govern- or the State ment or State Transport Department of the Govern- 'lYansPort ment, P s the Government may specify in such order. Department ofthe Govern- (2) Where in pursuance of sub-section (1) any stage m a t and carriage or contract carriage is transferred to any corpo- provisions ration or company ownt d by the Government or the State for existing staff. Transport Department of the Government, the permit in respect of such stage carriage or contract carriage shall, notwithstanding anything contalned in the Motor Vehicles Act, be deemed to have been transferred in favour of such corporation or company or State Transport Department of the Government and such p~rm;t shall be val;d for the unex- pired ~ericd thereof. After th: expiry of the seid period, such corporation or company o- S:ate Tr -nsoort Dep?rt- me nt of the Oovelnment shall be exclusively entitled to the renewal of such permit and an app1;cation for such renewal msy be made by the corporarion or comp~ny or Sate Transport Dcpartmcnt of the Government at anytime brfore the expiry ofthe said permit and the period spec;ficd in clause (a) of sub-sec'ion (2) of section 58 of the Motor Vehicles Act, shall not apply to such application. (3) Evcry person who is a workman within the mean;ng of t h ~ Jndusfrial Disputes Act, 1947 (Cent& Act XIV of 1947), and has bwn, immediately b, fore the 14th January 1973, exclusivi ly ellnployed in connection w;th the acquired property shall, on and from the notified dxte, become an employee of the corporation or comgaq l&73 : T-N, Act 125 Stage Carriager and 243 Contract Carriages (Acquisition) or the State Transport Department of the Government rgferred to in sub-section (1) and shall hold cffice or serv~ce ir! such corporation or company or State Transport De- partment of the Government on the same. terms and conditions and with the same rights to penslon, gratuity and other matters as would have been admissible to him if the acquired property had not vested in the Government and transferred to such corporation or company or State Transport Department of the Government and continue to do so unless and until his employment in such corpora- t ion or company or State Transport Department of the Government is terminated or until his remuneration, terms or wnditions of employment are duly altered by such corporation or company or State Transport Depart- ment of the Government; Provided that the number of workmen that shall become employees of the corporation or company or the State Transport DL partment of the Government under this wb-s~ction shall not exceed the followrng scale, the junior most bang excluded:- Scale per vehicle.