The Indian Council of World Affairs Act, 2001

(1) This Act may be called the Indian Council of World AffairsAct, 2001. (2) Save as otherwise provided in this Act, it shall be deemed to have come into force on the 1st dayof September, 2000.

Whereas the objects of the Indian Council of World Affairs, a society registered under the SocietiesRegistration Act, 1860 (21 of 1860) are such as to make the institution one of national importance, it ishereby declared that the institution, known as the Indian Council of World Affairs, is an institution ofnational importance.

In this Act, unless the context otherwise requires,-- (a) "appointed day" means the date of commencement of this Act; (b) "Chairperson" means the Chairperson of the Governing Body; (c) "Council" means the Indian Council of World Affairs incorporated under section 4; (d) "Director-General" means the Director-General of the Council; (e) "existing Council" means the Indian Council of World Affairs, a society registered under theSocieties Registration Act, 1860 (21 of 1860) and functioning as such immediately before theappointed day; (f) "Fund" means the Fund of the Council referred to in section 18; (g) "Governing Body" means the Governing Body of the Council; (h) "member" means a member of the Council and includes the President and Vice-President; (i) "President" means the President of the Council; (j) "regulations" means the regulations made under this Act; (k) "rules" means the rules made under this Act; (l) "Vice-Presidents" means the Vice-Presidents of the Council.

(1) The Indian Council of World Affairs is hereby constituted as abody corporate by the name of the Indian Council of World Affairs and as such body corporate it shallhave perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire,hold and dispose of property, both movable and immovable, and to contract and shall by that name sueand be sued. (2) The head office of the Council shall be at Delhi and the Council may, with the previous approvalof the Central Government, establish branches at other places in India.

(1) On and from theappointed day,-- (a) all properties and other assets vested in the existing Council immediately before that day, shallvest in the Council; (b) all debts, obligations and liabilities incurred, all contracts entered into and all matters andthings engaged to be done by, with or for the existing Council immediately before that day for or inconnection with the purposes of the existing Council, shall be deemed to have been incurred, enteredinto and engaged to be done by, with or for the Council; (c) all sums of money due to the existing Council, immediately before that day, shall be deemedto be due to the Council; (d) all suits and other legal proceedings instituted or which could have been instituted by oragainst the existing Council, immediately before that day, may be continued or instituted by oragainst the Council; and (e) every employee holding any office under the existing Council immediately before that day,shall, on that day, hold his office or service under the Council with the same rights and privileges asto pension, gratuity and other matters as would have been admissible to him if there had been no suchvesting; and shall continue to do so unless and until his employment under the Council is dulyterminated or until his remuneration and other conditions of service are duly altered by the Council. (2) Notwithstanding anything contained in the Industrial Disputes Act, 1947 (14 of 1947) or in anyother law for the time being in force, the absorption of any employee by the Council in its regular serviceunder this section shall not entitle such employee to any compensation under that Act or any other lawand no such claim shall be entertained by any court, tribunal or other authority.