Conditions of service etc., of existing employees.

(1) Subject to the provisions of this Act every officer or other employee employed immediately before, the date of the notified order under sub-section (1) of section 3, in connection with the affairs of the undertaking shall, during the period in which such notified order is in force, hold his office by the same tenure, at the same remuneration and upon the same terms and conditions and with the same rights and privilages as to gratuity and other matters as he would have held under the societies if such notified order had not been issued. (2) The Board of Control shall be competent to take such disciplinary or other action as it thinks fit or to continue any such action already initiated against any employee referred to in sub-section (1) in respect of any act or omission or conduct or record of such employee. (3) Notwithstanding anything contained in any other law for the time being in force or in any contract or agreement the Board of Control may by order in writing terminate the service of any employee appointed irregularly by the society before the issue of the notified order under sub-section (1) of section 3 after giving one month notice in writing to the employee concerned indicating the reasons for termination of service and in lie of such notice, on payment of one month salary. (4) Any person agrrieved by an order under sub-section (3) may within one month from the receipt by him of the order, apply to the District Court to modify or set aside such order and that court after taking such evidence as it thinks necessary may pass such orders as it thinks proper in the circumstances of the case. (5) Where the Co-operative Hospital Complex or the Academy of Medical Sciences has established a provident superannuation, welfare or any other fund for the benefits of their officers and other employees, such fund shall with effect on and from the date of the notified order under sub-section (1) of section 3, stand transferred to, and vested in, the Board of Control.