section 15
Transfer of employees to Subsidiary Textile Corporation
The Kerala Spinners, Alappuzha (Acquisition and Transfer of Undertaking) Act 2010Corporate201037 sections
Statutory text
Y1here the sick textile undertaking or any part thereof is transferred under this Act to a Subsidiary Tetik Corporatidn, - 'every prnn referre4 to. in sub-section (i) and siib-sectioh (2) of section }, shall on and fromthe date of - such transfer,' becQrne an employee of the Subsidiaxt Teitile corporatioti' and the provisions of sectiotis43 nd 14 shall apply tQ'suh employee as they apply to an-employee, of the State Textile Corporation,hsif references in the slid sections to the Staè Textile Corporation wãe references to tie Subsidiary- ubsidiary Textile textile LOrporatlOn.
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