Section 16
Transfer of employees to a subsidiary textile corporation.
The Textile Undertakings (Nationalisation) Act, 1995
About this Act
An Act to provide for the acquisition and transfer of the textile undertakings, and the right, title and interest of the owners in respect of the textile undertakings, specified in the First Schedule with a view to augmenting the production and distribution of different varieties of cloth and yarn so as to subserve the interests of the general public 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
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 references in the
said sections to the National Textile Corporation were references to the subsidiary textile corporation.