Sick Textile Undertakings (Nationalisation) Act : TRANSFER OF EMPLOYEES TO A SUBSIDIARY TEXTILE CORPORATION

Sick Textile Undertakings (Nationalisation) Act,1974

Act No : 57

Section : TRANSFER OF EMPLOYEES TO A SUBSIDIARY TEXTILE CORPORATION

SECTION 16: TRANSFER OF EMPLOYEES TO A SUBSIDIARY TEXTILE CORPORATION

Where any sick textile undertaking or any part thereof is transferred under this Act to a Subsidiary Textile Corporation, every person referred to in sub-section (1) and sub-section

(2) of section 14-shall, on and from the date of such transfer, become an employee of the Subsidiary Textile Corporation and the provisions of sections 14-and 15 shall apply to such employee as they apply to an employee of the National Textile Corporation as if reference in the said sections to the National Textile Corporation were references to the Subsidiary Textile Corporation.