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Section 18D: No right to compensation for termination of office or contract.

The Industries (Development and Regulation) Act, 1951Central Act · Act 65 of 1951

[18D. No right to compensation for termination of office or contract.--Notwithstanding anything contained in any law for the time being in force, no person who ceases to hold any office by reason of the provisions contained in clause (a) of section 18B, or whose contract of management is terminated by reason of the provisions contained in clause (b) of that section, shall be entitled to any compensation for the loss of office or for the premature termination of his contract of management:

Provided that nothing contained in this section shall affect the right of any such person to recover from the industrial undertaking moneys recoverable otherwise than by way of such compensation.]

Where this provision sits

ActThe Industries (Development and Regulation) Act, 1951
Section18D
Marginal noteNo right to compensation for termination of office or contract.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted, Act 26 of 1953. . Ins. by Act 26 of 1953, s. 13 (w.e.f. 1-10-1953).

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