2. (1) The Bangladesh Women's Rehabilitation and Welfare Foundation Act, 1974 (LI of 1974), hereinafter referred to as the said Act, is hereby repealed. (2) Upon the repeal of the said Act,- (a) the Bangladesh Women's Rehabilitation and Welfare Foundation, hereinafter referred to as the said Foundation, established under the said Act, shall stand dissolved; (b) all assets, rights, powers, authorities and privileges and all property, movable and immovable, including lands, buildings, cash balances, reserve funds, investments and all other rights and interests in, or arising out of, such property and all books of accounts, registers, records, and all other documents of the said Foundation shall stand transferred to, and vest in, the Government; (c) all debts and liabilities incurred, all obligations undertaken, all contracts entered into and all agreements made by or with the said Foundation and subsisting or having effect immediately before such repeal shall be deemed to have been incurred, undertaken or entered into or made by or with the Government; (d) all suits and other legal proceedings instituted by or against the said Foundation and pending immediately before such repeal shall be deemed to have been instituted by or against the Government and may be continued and proceeded with accordingly; (e) all officers and other employees of the said foundation shall stand transferred to the Government and shall hold office or service under the Government under the same terms and conditions as were applicable to them before their transfer. (3) Notwithstanding anything contained in any terms and conditions of service, the Government may alter the terms and conditions of service of any officer or other employee transferred under sub-section (2), and if such alteration is not acceptable to an officer or employee, the Government may terminate his employment by giving him compensation equivalent to three months' pay in case of a permanent officer or employee or one month's pay in case of a temporary officer or employee. Explanation.-The compensation to an officer or other employee under sub-section (3) shall be in addition to any pension, gratuity or other benefit to which the officer or employee may be entitled under the terms and conditions of his service. (4) The Government may, for the purpose of removing any difficulty in relation to the transfer and other matters specified in sub-section (2), make such orders as it may consider expedient and any such order shall be deemed to be and given effect to as part of the provisions of this Ordinance.