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The Talcher Thermal Power Station (Acquisition and Transfer) Act, 1994

The Talcher Thermal Power Station (Acquisition and Transfer) Act, 1994

General199411 sections

This Act facilitates the transfer of the Talcher Thermal Power Station to a Corporation, managing the transition of ownership and staff. It specifically regulates the employment status of the station's employees, detailing how regular staff, officers, and engineers are absorbed into the new Corporation or retained by the original Board. The law establishes clear timelines and conditions for these transfers, ensuring that workers' rights and privileges are protected while allowing for efficient management of the power project. It effectively governs the human resources aspect of the asset acquisition process.

Start reading →Read full ActSections
  1. 0. Preamble
  2. 1. Short title and commencement . ’
  3. 2. Definitions ) .
  4. 3. Transfer to and vesting in the State Government of the Power Station R
  5. 4. General effect of vesting oo co
  6. 6. State Government of the Cornoration not to:bz liable for prior liabilities ) ' :
  7. 14. Employees not bo entitled to compensation : -
  8. 17. Determination of compensation . .
  9. 18. Overriding effect of the Act : ’
  10. 21. Protection of action taken in good faith .
  11. 22. Power to make rules ’ . :

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