CHAPTER III
TRANSFER OF ASSETS, LIABILITIES ETC, OF Bureau of Energy Efficiency
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12. |
(1) On and from the date of establishment
of the Bureau -
- any reference to the Bureau of Energy Efficiency in any law
other than this Act or in any contract or other instrument shall
be deemed as a reference to the Bureau;
- all properties and assets, movable and immovable of, or belonging
to, the Bureau of Energy Efficiency shall vest in the Bureau;
- all the rights and liabilities of the Bureau of Energy Efficiency
shall be transferred to, and be the right and liabilities of,
the Bureau;
- without prejudice to the provisions of clause (c), all debts,
obligations and liabilities incurred, all contracts entered into
and all matters and things engaged to be done by, with or for
the Bureau of Energy Efficiency immediately before that date for
or in connection with the purposes of the said Centre shall be
deemed to have been incurred, entered into, or engaged to be done
by, with or for, the Bureau;
- all sums of money due to the Bureau of Energy Efficiency immediately
before that date shall be deemed to be due to the Bureau;
- all suits and other legal proceedings instituted or which could
have been instituted by or against the Bureau of Energy Efficiency
immediately before that date may be continued or may be instituted
by or against the Bureau; and
- every employee holding any office under the Bureau of Energy Efficiency immediately before that date shall hold his office in the
Bureau by the same tenure and upon the same terms and conditions
of service as respects remuneration, leave, provident fund, retirement
or other terminal benefits as he would have held such office if
the Bureau had not been established and shall continue to do so
as an employee of the Bureau or until the expiry of six months
from the date if such employee opts not to be the employee of
the Bureau within such period.
(2) Not withstanding anything contained in the Industrial Disputes
Act, 1947 or in any other law for the time being in force, the absorption
of any employees by the Bureau in its regular service under this
section shall not entitle such employees to any compensation under
that Act or other law and no such claim shall be entertained by
any court, tribunal or other authority. |
Transfer of assets, liabilities and
employees of Bureau of Energy Efficiency
14 of 1947 |
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