Section 5. Effect of incorporation of the University in certain cases
On and from the commencement of this Act,-
(i) All references in any enactment to the Society of the name Visva-Bharati registered on the 16th May, 1922, under the Society Registration Act, 1860 (XXI of 1860) shall be construed as reference to the University;
(ii) Any will, deed or other document whether made or executed before or after the commencement of this Act, which contains any bequest, gift or trust in favour of the said Society shall, on the commencement of this Act be construed as if the University was there named instead of the said Society;
(iii) Subject to the provisions of this Act, every person employed immediately before the commencement of this Act in the said Society shall hold employment in the University by the same tenure and up the same terms and conditions and with the same rights and privilege as to pension and gratuity as he would have held under the said Society if this Act had not been passed:
Provided that if the University decides to alter the terms and conditions of service of any such employee, a fresh contract shall be executed for the purpose, and if the employee is not agreeable to serve under the new terms and conditions, his services may be terminated in accordance with behalf, on payment to him by way of compensation of an amount equal his salary for six months.
