Section 29: Transfer and Savings

29. Transfer and Savings.—(1) On commencement of this Act — (a) all funds, properties, rights and intrests, used, enjoyed, possessed, owned or vested in the National Logistics Board, shall immediately stand transferred to the Board established under this Act; (b) all funds, properties, companies, rights and interests issued, used, enjoyed, possessed, owned or vested in the National Logistics Cell, shall immediately stand transferred to the Corporation established under this Act; (c) all employees of the National Logistics Board or the National Logistics Cell, shall immediately stand transferred to the Corporation established under this Act, without entitlement to any additional compensation or benefit in lieu thereof; (d) the provisions of the Industrial Relations Act, 2012 (X of 2012), shall not apply to matters relating to or arising out of transfer of employees of the National Logistics Board or the National Logistics Cell, to the Corporation; and (e) all acts done, actions taken, obligations and liabilities incurred, rights and assets acquired, persons appointed or authorized, jurisdictions or powers conferred, endowments, bequests, funds or trusts created, donations or grants made, orders issued and rules or regulations made by or in relation to the National Logistic Board or the National Logistic Cell, before the commencement of this Act, shall be deemed to have been done, taken, incurred, acquired, appointed, conferred, created, made or issued with respect to the Board or the Corporation, respectively, under this Act.

Effective date: 2023-08-07

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