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Home Acts & Rules Companies Law Acts Companies Act, 2013 Chapters List Part II INCORPORATION OF PRODUCER COMPANIES AND OTHER MATTERS This
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Section 378N - Provisions in respect of officers and other employees of inter-State co-operative society - Companies Act, 2013

Extract

..... ard, Chairman or Managing Director) serving in its employment immediately before the date of transformation shall, in so far as such officer or other employee is employed in connection with the inter-State co-operative society which has vested in the Producer Company by virtue of this Act, become, as from the date of transformation, an officer or, as the case may be, other employee of the Producer Company and shall hold his office or service therein by the same tenure, at the same remuneration, .....

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Section 378N - Provisions in respect of officers and other employees of inter-State co-operative society - Companies Act, 2013

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..... roducer Company shall not entitle such officer or other employee to any compensation under this Act or under any other law for the time being in force and no such claim shall be entertained by any court, tribunal or other authority. (5) The officers and other employees who have retired before the date of transformation from the service of the inter-State co-operative society and are entitled to any benefits, rights or privileges, shall be entitled to receive the same benefits, rights or privileg .....

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Section 378N - Provisions in respect of officers and other employees of inter-State co-operative society - Companies Act, 2013

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