Richardson and Cruddas Limited (Acquisition and Transfer of Under-takings) Act ,1972

Act No : 78

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Section : POWER TO TERMINATE CONTRACT OF EMPLOYMENT

SECTION 29: POWER TO TERMINATE CONTRACT OF EMPLOYMENT

If the Custodian is of opinion that any contract of employment entered into by or on behalf of the old company at any time before the day is unduly onerous, he may, by giving to the employee one month's notice in writing or the salary or wages for one month in lieu thereof, terminate such contract of employment.

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