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Section 11: No right to compensation for termination of contract of managing agent or any other contract

Railway Companies (Emergency Provisions) Ordinance, 1951Ordinance · 1951

(1) Notwithstanding anything contained in the Companies Act or in any other law for the time being in force, no managing agent shall be entitled to any compensation for the premature termination under this Ordinance of any contract of management entered SEO. 1] THE GAZETTE OP INDIA EXTRAORDINABY 227 into by him with the railway company, and no person shall be entitled to compensation in respect of the cancellation or variation under this Ordinance of any other contract or agreement.

(2) Nothing contained in sub-section (1) shall affect the right of any such managing agent or person to recover from the railway company moneys recoverable otherwise than by way of such compensation.

Where this provision sits

ActRailway Companies (Emergency Provisions) Ordinance, 1951
Section11
Marginal noteNo right to compensation for termination of contract of managing agent or any other contract
StatusIn force as published by the source

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