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Where an officer or other employee if the International Airports Authority or the National Airports Authority opts under sub-section (2) not to be in the employment or service of the Authority in which the undertakings of the International Airports Authority and the National Airports Authority have vested, such officer or other employee shall be deemed to have resigned from the respective cadre.
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Notwithstanding anything contained in the Industrial disputes Act, 1947 or in any other law for the time being in force the transfer of the services of any officer or other employee of the International Airports Authority or the National airports to the Authority shall not Act or under any other law for the time benign in force and no such claim shall be entertained by any court tribunal or other authority.
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The officers and other employees who have retired before the appointed day from the services of the International Airports Authority or the National Airports Authority and are entitled to any benefits, rights or privileges shall be entitled to receive the same benefits, rights or privileges from the authority in which the undertakings of the International Airports Authority and the National Airports Authority have vested.
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The trusts of the Provident Fund and Group Insurance and Superannuating Scheme of the International airports or the National Airports Authority and any other bodies created for the welfare of officers or employees would continue to discharge their functions in the authority as was being done hitherto in he International Airports Authority or the National Airports Authority and tax exemption granted to Provident fund or Group Insurance and superannuating Scheme would continue to be applied to the Authority.
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After the expiry of the period of one year to the extended period as referred to in sub-section (2) all the officers and other employees transferred and appointed to the Authority other than those opting not to be the officers or employees of the Authority within such period, shall be governed by the rules and regulations made by the Authority in respect of the service conditions of the officers and other employees of the said Authority.