 biu no 53 of 1f61 the companies (amendment) bill,i964a bill further to amend the companies act, 1956 be it enacted by parliament in the fifteenth year 01 the republic of india as follows:-1 this act may be called the companies (amendment) aet;'li64 short title 2 after section 635a of the companies act, 1956, the following insertion s sub-heading and section shibll be inserted, namely: -~~:'d inl and sl!ction a'lter ection 635a of act 1 of 1956  "temporary protection of employees 635b (i) if-10 protection of em-f ployee8 (a) during the course of any investigation of the affairs ?urill4l h f 1 t · t b d invhtl •• -end ot er matters 0 or re a mg 0 a company 0 y or tlon by person under section 235, section 237 or st!ction 239 or, of the lnapeclor membership and other matters of or relating to a comp~, :::1-or the ownership, of sharea in or debentures of a company cceedinl or body corporate, or the affairs and other matters of or trib~l relating to q company, body or person, under section 247 in certain section 248 or section 249; or cuell (b) during the pendency of any proceeding against any person concerned in the conduct and management of the affairs of a company under chapter iv a of part vi, such company, body or person proposes-(i) to discharge or 20 ,  " (ii) to punish, whether ,by dismissal, removal, reduction in rank or otherwise, any employee, the company, body or person, as the case may be, shall send by ,post to the company law board previous intimation in writing of the action proposed against the s employee and if the company law board has any objeetion to the action proposed, it shall send by post notice thereof in writing to the company, body or person concerned (2) if the- oompany, ,body or person concerned does not :·iitetw'wftlim"·thirty days of the sending of the previous inti- 10 mati~ ,of ,~ actifn' p1'qpc'se~tapinst; the, empjgy~_ al;l~ notice of the' oojection from the company law board, then and only then, the company, body or person concerned may proceed to take against the empjoyee tbe'~ion proposed  (3) if the' company, body,' or person co~cernedis dissatisfied 15 , "with tlte objee1fonraised 'by the company l,aw board, it may, within thirty days of the receipt of the notice of the objection, ,prefer an appeal to··the tri'bunal in the prescribed manner, and on payment of the prescribed fee (4) the decision of the tribunal, on ~uch appeal shall be 20 final and be binding on the company law board and on the company, body or person concerned (5) for the removal of doubt, it is hereby declared that the provisions of this section shall have effect without prejudice to the provisions o~ any other law for the time ,being in force" 25 3 (1) the companies (amendment) ordinance it64 is hereby 3 til 1984 re~ repeal' and saviqf (2,' notwithltanding s\lch' r~peal anything done or any action tann 'under' the' sa\d ordinance shall be deemed to have been done or tam unlier this act, as if this act had commenced on the 5th day of july, i964 30 investigations of th\e· affai,rs; trueowuership and other related : mattel'sj at co~ eiltuiot be- ejfectively conducted unless there ia,full di8elosul'e!:'by their e~eea~ofijadllal idfo~ion in teprd to various' matte!nl' to be 1117mtiai8lld'jby -the: id,ctorb' appointed by :the' centmr'governllullitl ~ : in oider: to,1 tlye to the' employees: of the afferted- companies  terapgi:ary protactign'·a,_ victimisation in such cases it has been considered necessary to make a suitable', provision in the companies act that no company can discharge or take any other action against any of ita employees during the investigation of its affairs and true ownership, etc, by inspectors or during the pendency of proceedings against any of its managerial personnel before the tribunal, unlees it has given previous intimation to the company law board of the proposed action against the employees and the company law board has not raised any objection to such action as it was apprehended that some of the companies whose affairs were under investigation might take action against their employees if they disclosed full information to the inspectors, the amendment of the companies act on the lines indicated above was considered to be a matter of extreme urgeney and the companies (amendment) ordinance, 1964 was therefore, promulgated by the president on the 5th july, 1964 the present bill seeks to replace the said ordinance without any modification in the provisions thereof new d&in; the 13th august, 1964 t t krishnamachari  memorandum regarding delegated legislationsub-section (3) of the new section635b empowers the central government to make rules providina for the manner in which, and the fee on payment of which, an appeal may be preferred to the tribunal under that section  the mattera in respect of whieh such rules may be made are matters of procedure ar administrative detail the delegation of legullative power is thus of a nonnal charaeter  ~\' -~' a bill further to amend the companies act, 1956 