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Subject to the provisions of this
Act, every person employed by the Cotton Textiles Fund Committee constituted under section 5 of the
Cotton Textiles Fund Ordinance, 1944 (34 of 1944), immediately before the date of establishment of the
Committee shall on and from such date, become an employee of the Committee with such designation as
the Committee may determine and shall hold his office or service therein by the same tenure, at the same
remuneration and upon the same terms and conditions as he would have held on such date if the
Committee had not been established and shall continue to do so unless and until his employment in the
committee is terminated or until such tenure, remuneration and terms and conditions are duly altered by
the Committee:
Provided that the tenure, remuneration and terms and conditions of service of any such person shall
not be altered to his disadvantage without the previous approval of the Central Government.
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