(2) Every employee of the Company in connection with any Continuundertaking owned by it, shall become, on and from the appointed day, «mce of an employee of the Central Government, and where such undertaking "optoyaw- 2i4 THE GAZETTE" Of" INtIA EXTRAORDINARY [PART I I - is'Ves'tea1 ih ail existing or a'riew Government cSmpany under this Ordinance, "become, OH and from the date of such vesting in such Government company, ' an employee thereof and shall Hold office or service under the 'Central Government or the existing or new Government company, as the case May be, with the same rights arid privileges as to pension, gratuity and other 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 existing or new Government company, as the cese may be, Is duly terminated or until his remuneration and other conditions of service are duly altered by the- Central Government or the existing CT new Government company, asrthe ,.ca.s,e inay be.
1 (#)'Notwithstanding anything contained in the Industrial Disputes Act. 1947, or in any other law for the time being in1 force1, the transfer 14 °* 1947.
of the services of any officer or other person employed in any undertakings owned by the Company, to the Central Government or the existing or new 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.
Provident 14.; (2)' Where • the Company has established a provident fund, fund and superannuation fund, welfare fund or other fund for the benefit of other persons- employed in a»y of the undertakings- 'owned11 by it, the monies funds. relatable to the employees, whose services have became transferred by 'or-uflder this- Ordinance to the Central GoverraJtient or existingor hftw •.Government company s-hall-oat of the* •monies standing!, >on the1 appointed day, to the1 credit of sueh provt<Jen15 fund, superannuation ftfftd, welfare 'fund or other funds, stand transferred to and vest < in, the Central Government or the Government company, as the case may be.
(2¥ 'The monies Which stand' transferred under sub-section (2) to the Central Government or the existihg, or new, Government company, as trie1 dftse may be, shall be' dealt With by that Government or Government company in such manner as may be prescribed.
CHAPTEB VI COMMISSIONER OF PAYMENTS Appoint- W. (l) The Central Government shall, for the purpose of disbursing ment of the ateitottnt1 payable'"Wider sections 8 and 9 to the Company, by notifica- C o m " tion-, appoint a- Commissioner of Payments, missioner ' • • • ' 1 • of Pay- .(2) The GentpaL Government-may appeint such •other petrscxris'i&s it ments. may think fit ;t® assist i the Commissioner and thereupon the Commissioner may authorise one or more of such persons^ alfio tc^ exercise1 till or any of the powers exercisable by him under this Ordinance and different persons may be authorised to exercise, different powers.
(3) Any person authorised by the Comifniesioner to-«tf#rcise any of the powers exercisable by the Commissioner may exercise^hp^e powers 'fti tfter same mttoner' aAd withthe' same' effetftas'lf they'liaVe been con- 'ieft^a'ttii'fhat person'directly by this Ordinance • and nofii>y way of tfuihtiHsaDfon.
SEC. 1] THE GAZETTE OP INDIA EXTRAORDINARY 215
(4) The salaries and allowances of the Commissioner and other •persons appointed under this section shall be defrayed out of the Consolidated Fund of India.