Amendment status not verified — confirm the current text below against the official source.
(1) Every person who has been, immediately before the appointed of certain employees day, employed in any of the undertakings of the Company shall become,— to continue. (a) on and from the appointed day, an employee of the State Government, and (b) where the undertakings of the Company are directed, under sub-section (1) of section 6, to vest in an existing Government company, or are transferred by virtue of the provisions of section 7, to a new Government company, an employee of such Government company on and from the date of such vesting or transfer, and shall hold office or service under the State Government or the existing, or new, Government company, as the case may be, with the same rights and previleges as to pension, gratuity and other matters as would have been admissible to him if there had been no such vesting or transfer and shall continue to do so unless and until his employment under the State Government or the existing, or new, Government company, as the case may be, is duly terminated or until his remuneration and other conditions of service are duly altered by the State Government or the existing, or new, Government company, as the case may be. (2) Notwithstanding anything contained in the Industrial Disputes Act, 1947, or in any other law for the time being in force, the transfer of the services of any officer or other person employed in the undertakings of the Company to the State Government or the existing, or new, Government company, as the case may be, shall not entitle such officer or other employee to any compensation under this Act or under any other law for the time being in force and no such claim shall be entertained by any court, tribunal or other authority. 14 of 1947. 212 The Saraswaty Press Limited (Acquisition and Transfer of Undertakings) Act, 1984. XXXIII of 1984.] (Chapter V.—Provisions relating to the employees of the Company.—Section 14.—Chapter VI.—Commissioner of Payments.—Sections 15, 16.)