https://www.taxtmi.com/acts?id=39186 Officers and employees (excluding directors, Chairman and Managing Director) of an inter State co operative society who were in service immediately before transformation into a Producer Company become officers or employees of the Producer Company on the same tenure, remuneration, terms, obligations and benefits; those who opt out are deemed to have resigned. Transfer of services does not entitle staff to compensation under labour or other laws. Retirees retain entitlements, provident and gratuity trusts continue to function and prior tax exemptions remain applicable, while persons managing the society are barred from claiming compensation for loss of office or premature termination. en-us Sat, 03 Oct 2020 17:51:06 +0530 Tue, 16 Dec 2025 14:36:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39186 Officers and employees (excluding directors, Chairman and Managing Director) of an inter State co operative society who were in service immediately before transformation into a Producer Company become officers or employees of the Producer Company on the same tenure, remuneration, terms, obligations and benefits; those who opt out are deemed to have resigned. Transfer of services does not entitle staff to compensation under labour or other laws. Retirees retain entitlements, provident and gratuity trusts continue to function and prior tax exemptions remain applicable, while persons managing the society are barred from claiming compensation for loss of office or premature termination. Act-Rules Companies Law Sat, 03 Oct 2020 17:51:06 +0530 https://www.taxtmi.com/acts?id=39186