(1) Every officer or other employee of the Metal Corporation (except a director or any managerial uersonnel specified in section 197A of the Companies Act, 1956, or any other person entitled to manage the whole or a substantial part of the business of the Metal Corporation under a special agreement!) in the employment of the Metal Corporation immediately befJre the commencement of this Ordinance shall, in so far as such employee is employed in connection with the affairs of the undertaking of the Metal Corporation, become, as from such commencement, an officer or other employee, as the case may be, of the Central Government or the Government coniDany and shall hold office by the same tenure and at the same remuneration and upon the same terms and conditions and with the same rights and privileges as to pension, gratuity and other matters as he would have held under the Metal Corporation if this Ordinance had not been promulgated and shall continue to do so until his employment under the Central Government or the Government comnany is duly terminated or until his remuneration, terms and conditions are duly altered by the Central Government or the Government company:
1 of 1958.
Provisions relating to employees.
976 THE GAZETTE OF INDIA EXTRAORDINARY [PART II—
Provided that if the alter&tiotMiO. models w»t accegUfele to any such officer or other employee, his employment shall be terminated by the Central Government or the Government company on payment of an amount equivalent to—
(a) three months' remuneration, in the case of permanent employees, and
(b) one month's remuneration, in the case of other employees:
Provided further that nothing in this section shall apply to any officer or other employee who has, within thirty days next following the date of commencement of this Ordinance, by notice in writing to the Central Government or the Government company, as the case may be, intimated his intention of not becoming an officer or other employee of the Central Government or the Government company.
(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 employee of the Metal Corporation to the Central Government or the Government company shall not entitle such officer or other employee to any compensation under that Act or other law, and no such claim shall be entertained by any court, tribunal or other authorities.
14 of 1947.
15. (I) Whiere the Metal. Corporation has established a provident, superannuation, welfare or other fund for the benefit of the persons employed in its undertaking, the monies rentable to the officers or other emloyees whose services have become transferred by or under this Ordinance to the Central Government or the Government company, shall, out of the monies standing, on the appointed day, to the credit of such provident, superannuation, welfare or other fund, stand transferred to, and vested in, the Central Government or the Government company, as the case may be.
Provident and other funds.
(2) The monies which stand transferred, under sub-section (1), to the Central Government or the Government company, as the case may be, shall be dealt with by that Government or Government company in such manner as may be prescribed.
CHAPTER VII MISCELLANEOUS
18. The provisions of this Ordinance shall have effect notwithstanding anything inconsistent therewith containied in any other law for the time being in force or in any instrument having effect by virtue of any law.
other than this Ordinance, or in any decree or order of any court, tribunal or other authority.
Ordinance to have overriding effect.