(1) The managing committee of every unaided minority school shall enter into a contract of service with every employee of such school:
Provided that if, at the commencement of this Act, there is no contract of service in relation to any existing employee of an unaided minority school the managing committee of such school shall enter into such contract within a period of three months from such commencements;
Provided further that no contract referred to in the foregoing proviso shall vary to the disadvantage of any existing employee the term of any contract between him and the school subsisting at the commencement of this Act.
(2) Every contract of service referred to in sub-section (1), shall be forwarded by the managing committee of the concerned unaided minority school to the Director for record in such manner as may be prescribed.
(3) Every contract of service referred to in sub-section (1) may provide for the following matters namely:-
(a) the terms and conditions of service of the employee including the scale of pay and other allowances to which the employee shall be entitled;
(b) the leave of absence, age of retirements pension and gratuity or contributory provident fund in lieu of pension and gratuity, and medical and other benefit to which the employee shall be entitled;
(c) the penalties which may be imposed on the employee for the violation of any code of conduct or the breach of any term of the contract entered into by him.
(d) the manner in which disciplinary proceeding in relation to the employee shall be conducted and the procedure which shall be followed before any employee is dismissed, removed from service or reduced in rank;
(e) arbitration of any dispute arising out of any breach of contract between the employee and the managing committee, and
(f) any other matter which, in the opinion of the managing committee, ought to be or may be specified in such contract.