(1) Any person who has, on the date of commencement of this Ordinance, in his possession or under his control, any assets, books and any other documents relating to the power transmission system which has been transferred to, and vested in, the Corporation under sub-section
(2) of section 3, shall be liable to account for the said assets, books and documents to the Corporation and shall deliver them vp to the Corporation or to such, person or persons as the Corporation may specify m this behalf.
(2) The Corporation may take or cause to be tak«$n all necessary steps for securing possession of the power transmission system which has been transferred to, and vested! in, the Corporation under, this Ordinance.
(3) Each ot the ttiree companies shall, within, such pariod as the Corporation may allow in this bebaM, Iwrnisn to tfee Corptwaijon a complete inventory of all its property and assets as on the appointed day pertained to its power transmission system which has been transferred to, an4 vested in, the Corporation under sub-section (2) of section 3.
Duty of persons to account for assets, etc.,.
in their Possession.
6̂ THE GAZETTEOF INDIAEXT'RAORBINARY {PAST H ~ Conttouance ofasse.
ciated personnel.
Provident fund and other funds.
CHAPTER IV PROVISIONS RELATING TO ASSOCIATE© PERSONNEL : 10. (2) On the, vesting of the power transmission system of the three companies in the Corporation, the associated personnel who have been, immediately on or before the appointed day, employed in any of the three companies and have not already become employee^ of the Corporation shall become, on and from the date of commencement of this <bi>dinanee> employees of the Corporation and shall hold office or servica under the Corporation on the terms ansd conditions which are: not; in any way less favourable than those which would have been admissible to them if there had been no such vesting and shall continue to 4© SO unless and until their employment "under the: Corporation is duly terminated or until their remuneration and other conditions of, service are duly altered by the Corporation.
(2) Notwithstanding anything contained in the Industrial Disputes •Act, 1947, or any other law for the timei being in force, the transfer of the services of the associated personnel to the Corporation shall not 'entitle such personnel to any compensation under this Ordinance or any TQ#ier law for the time being in force and no such claim shall be enterlained by any court, tribunal or other authority.