The General Insurance Business (Nationalisation) Act, 1972
Section 22. Power of Central Government to transfer employees.
1[The Central Government or any person authorised by it may at any time transfer any officer] or employee from an acquiring company or the Corporation to any other acquiring company or the Corporation, as the case may be, and the officer or employee so transferred, shall continue to have the same terms and conditions of service as were applicable to him immediately before such transfer.
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