(1) Every person who has been, immediately before the Employment appointed day, employed in any of the undertakings of the Company of certain employeesto shall become,— continue.
(a) on and from the appointed day, an employee of the State Government, and 179 The Indian Health Institute and Laboratory Limited (Acquisition and Transfer of Undertakings) Act, 1986.
Provident fund and other funds.
Appointment of Commissioner of Payments.
[West Ben. A (Chapter V.—Provisions relating to the employees of the Company.— Section 14.—Chapter VI—Commissioner of Payments.—Section 15.)
(b) where the undertakings of the Company are directed to vest under sub-section (1) of section 6, in an existing Government company, or under sub-section (1) of section 7, in a new Government company, an employee of such Government company on and from the date of such vesting, and shall hold office or service under the State Government or the existing, or new, Government company, as the case may be, with the same rights and privileges as to pension, gratuity and other matters as would have been admissible to him if there had been no such vesting or transfer and shall continue to do so unless and until his employment under the State Government or the existing, or new, Government company, as the case may be, is duly terminated or until his remuneration and other conditions of service are duly altered by the State Government or the existing, or new, Government company, as the case may be.
(2) Notwithstanding anything contained in the Industrial Disputes 14 of 1947.
Act, 1947, or in any other law for the time being in force, the transfer of the services of any officer or other person employed in the undertakings of the Company to the State Government or the existing, or new, Government company, as the case may be, shall not entitle such officer or other employee to any compensation under this Act or under any other law for the time being in force and no such claim shall be entertained by any court, tribunal or other authority.