The Public Sector Iron and Steel Companies (Restructuring) and Miscellaneous Provisions Act

Provisions relating to officers and other employees of dissolved companies

Provisions relating to officers and employees of transferred units

Provisions relating to directors

Provision relating to auditors

Compensation for transfer not payable

Provident Fund

Gratuity, welfare and other funds


PROVISIONS RELATING TO OFFICERS AND EMPLOYEES


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 services of
any officer or other employee shall not entitle such officer or other employee to any compensation under
that Act or under any other law for the time being in force and no claim for such compensation shall be
entertained by any court, tribunal or other authority.

LAWGIST

# 18 Compensation for transfer not payable