Section 5:
Effect of incorporation of Sammelan.
On and from the appointed day,
(a) any reference to the Society in any law (other than this Act) or in any contract or other
instrument shall be deemed as a reference to the Sammelan;
1[(b) all property, movable or immovable, of the Society shall be the property of the Sammelan;]
(c) all rights and liabilities of the Society shall 2*** be the rights and liabilities of the
Sammelan; and
(d) every person employed for the Society immediately before the appointed day shall hold his
office or service in the Sammelan by the same tenure, at the same remuneration and upon the same
terms and conditions and with the same rights and privileges as to pension, leave, gratuity, provident
fund and other matters as he would have held the same if this Act had not been passed, and shall
continue to do so unless and until his appointment is terminated or until his tenure or terms and
conditions are duly altered by the rules made in this behalf:
Provided that if the alteration so made is not acceptable to any such employee, his employment may be
terminated by the Sammelan in accordance with the terms of the contract with the employee or, if no
provision is made therein in this behalf, on payment to him by the Sammelan of compensation equivalent
to three month's remuneration in the case of permanent employees and one month's remuneration in the
case of permanent employees.
Notes:
1. Subs. by s. 3, ibid., for clause (b) (w.e.f. 25-1-1963).
2. The words "be transferred to, and" omitted by Act 1 of 1963, s. 3 (w.e.f. 25-1-1963).