Act Info:
(1) Every person who has been, immediately before the appointed day, employed in any undertaking of any of the companies shall become,--
(a) on and from the appointed day, an employee of the Central Government,.and
(b) Where the undertakings of the jute companies are vested in the Jute Manufactures Corporation, an employee of the said Corporation, on and from the date of such vesting,
and shall hold office or service under the Central Government or the existing, or the Jute Manufactures Corporation as the case may be with the same right and privileges as to pension, gratuity and other matters, 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 Jute Manufacture Corporation, as the case may be, is duly terminated or until his remuneration and other conditions of service are duly altered by the Central Government or the existing, or, the Jute Manufactures Corporation, as the case may be.
(2) Notwithstanding anything contained in the Industrial Disputes Act, 1947(14 of 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 any undertaking of either of the jute companies, to the Central Government or Jute Manufactures Corporation, shall not entitle such officer or other employee to any compensation under this Act or any other law for the time being in force and no such claim shall be entertained by any court, tribunal or other authority.
Section 13 - Section 13
(1) Where a jute companies has established a provident fund, superannuation, welfare or other fund for the benefit of the persons employed in any of its undertakings, the moneys relatable to its employees whose services have become transferred by or under this Act to the Central Government or the Jute Manufactures Corporation shall, out of the monies standing, on the appointed day, to the credit of such provident fund, superannuation, funds welfare funds or other fund, stand transferred to , and shall vest in, the Central Government or the Jute Manufactures Corporation, as the case may be.
(2) The monies which stand transferred under sub-section (1) to the Central Government or the Jute Manufactures Corporation, as the case may be, shall be dealt with by that Government or Corporation in such manner as may be prescribed.