(1) Every person who has, on the appointed day, in his possession of under his control any assets, books, documents or other papers relating to the Ganesh Flour Mills which has vested in the Central Government or a Government company under this Ordinance, and which belongs to the Company or would have so belonged if the Ganesh Flour Mills had not vested in the Central Government or the Government company, shall be liable to account fof the said assets, books, documents and other papers to the Central Government or the Government company, as the case may be, and shall deliver them up to the Central Government or the Government companv or to such person or body of persons as the Central Government or the Government company may specify in this behalf.
Duty of persons to account for assets, etc.
t2) The Central Government mav take or cause to be taken all necessary steps for securing -possession of the Ganesh Flour Mills which has vested in it under section 3.
11. The Company shall, within such period as the Central Government may allow in this behalf, furnish to that Government a complete inventory of all its properties and assets as on the appointed day, pertainine to the Ganesh' Flour Mills which has vested in the Central Government under section 3, and for this purpose, the Central Government or the Government company shall afford the Company all reasonable facilities.
Duty of the Company to furnish particulars.
CHAPTER V PROVISION RELATING TO EMPLOYEES OF THE GANESH FLOTJR MILLS
12. d") Every person who has been. imm<-dintelv before th<* appointed dav, employed by the Company in connection with the Ganesh Flour Mills shall become,— Continuance of employees.
(a) on and fmm the appointed day. an employee of the Central Government; and SEC. 1] THE GAZETTE OF INDIA EXTRAORDINARY 7
(b) where the Ganesh Flour Mills is directed, under sub-section {1} of section 5, to vest in a Government company, an employee of that company on and from the date of such vesting, and shall hold office or service under the Central Government or the Government company, as the case may be, with the same rights and privileges as to pension, gratuity and other like matters as would have been admissible to him if there had been no such vesting and shall continue to do so unless and until his employment under the Central Government or the Government company, as the case may be, is duly terminated or until his remuneration or other conditions of service are duly altered by the Central Government or the Govern-) ment 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 connection with the Ganesh Flour Mills to the Central Government or the Government company shall not entitle such officer or other employee to any compensation under this Ordinance or 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.