Section 14
Transfer of employees to a Subsidiary Textile Corporation.
The Swadeshi Cotton Mills Company Limited (Acquisition and Transfer of Undertakings) Act, 1986
About this Act
An Act to provide for the acquisition and transfer of certain textile undertakings of the Swadeshi Cotton Mills Company Limited, with a view to securing the proper management of such undertakings so as to subserve the interests of the general public by ensuring the continued manufacture, production and distribution of different varieties of cloth and yarn and thereby to give effect to the policy of the State towards securing the principles specified in clauses (b) and (c) of article 39 of the Constitution and for matters connected therewith or incidental thereto.
Where any textile undertaking
or any part thereof is transferred under this Act to a Subsidiary Textile Corporation, every person referred
to in section 12 shall, on and from the date of such transfer, become an employee of the Subsidiary
Textile Corporation, and the provisions of sections 12 and 13 shall apply to such employee of the
National Textile Corporation as if references in the said sections to the National Textile Corporation were
references to the Subsidiary Textile Corporation.