Hello everyone. I wanted to know which labour laws are applicable to Banks and bank employees? Do industrial dispute act applicable to Banks?
From India, Mumbai
12From India, Mumbai
Dear Pallavi
All labour laws are applicable to bank, like shop act, min wages act, contract labour act, ID act etc. If banks operation is within the state, state rules is applicable , if bank is Multi-state then central rules are applicable.
Regards,
N. Dilip
Navi Mumbai
From India, Mumbai
All labour laws are applicable to bank, like shop act, min wages act, contract labour act, ID act etc. If banks operation is within the state, state rules is applicable , if bank is Multi-state then central rules are applicable.
Regards,
N. Dilip
Navi Mumbai
From India, Mumbai
> Labour Laws
1) Industrial Disputes Act, 1947 - An Act of Parliament to make provisions for the investigation and settlement of industrial disputes and for certain other purposes.
- Section 2(a)
- Section 2(bb)
- Section 2(n)
- Section 2(oo)
- Section 2(p)
- Section 2(s)
- Section 9(A)
- Section 18(1)
- Section 22
- Section 26
- Section 33
- The Fourth Schedule to the Act
- The Fifth Schedule to the Act, Section 25T
2) Contract Labour (Regulation & Abolition) Act, 1970
- Section 10 (1)
3) Payment of Gratuity Act, 1972
- Section 2-A, clause 1
- Section 4(1)
- Section 4(2)
- Section 4(5)
- Section 4(6)
4) Payment of Bonus Act, 1965
- Section 2(8 )
- Section 2(13)
- Section 2(21)
- Section 10
5) Equal Remuneration Act, 1976
An Act of Parliament to provide for the payment of equal remuneration to men and women workers and for the prevention of discrimination on the grounds of sex, against women in the matter of employment and for matters connected there under or incidental thereto.
Banks to maintain registers in Form-D and make it available for inspection to the appropriate authorities under the Act.
6) Maternity Benefit Act, 1961
An Act of Parliament to regulate the employment of women in certain establishments for certain periods before and after child-birth and to provide for maternity benefits and certain other benefits.
The Act is applicable to establishments as notified by the State Governments with the approval of the Central Government. Many State Governments have made this Act applicable to all establishments to which the Shops and Establishments Act of the concerned State is applicable. In many States the banks have been exempted from the provisions of the Shops and Establishments Act. Wherever State Government notification covers banks also, the provisions of the Maternity Benefit Act becomes applicable to the bank employees.
The Bipartite Settlements applicable to workmen in banks and the Officers' Service Regulations applicable to officer employees have adequate in-built provisions extending maternity benefits.
7) Apprentices Act, 1961
An Act of Parliament for the regulation and control of training of apprentices.
8 ) Workmen's Compensation Act, 1923
An Act of Parliament to provide for the payment of compensation for injury or death by accident to workmen.
- Section 2(n)
- Section 4
9) Employment Exchanges (Compulsory Notification of Vacancies) Act, 1959
An Act of Parliament.
10) The Employees' Provident Funds and Miscellaneous Provisions Act, 1952
An Act of Parliament.
11) Shops and Establishments Act
State enactments to regulate conditions of work and employment in shops and commercial establishments. Though most Acts cover banking companies also under the definition of `commercial establishments' for the purpose of the Acts, by separate notifications banks have been exempted either entirely from the provisions of the Act or from certain provisions of the Act like opening and closing hours, hours of work, weekly holidays, etc.
All the above labour laws are applicable to the Banking sector..... (those provision are given just for reference to be read with other applicable provisions of the acts)
From India, Bangalore
1) Industrial Disputes Act, 1947 - An Act of Parliament to make provisions for the investigation and settlement of industrial disputes and for certain other purposes.
- Section 2(a)
- Section 2(bb)
- Section 2(n)
- Section 2(oo)
- Section 2(p)
- Section 2(s)
- Section 9(A)
- Section 18(1)
- Section 22
- Section 26
- Section 33
- The Fourth Schedule to the Act
- The Fifth Schedule to the Act, Section 25T
2) Contract Labour (Regulation & Abolition) Act, 1970
- Section 10 (1)
3) Payment of Gratuity Act, 1972
- Section 2-A, clause 1
- Section 4(1)
- Section 4(2)
- Section 4(5)
- Section 4(6)
4) Payment of Bonus Act, 1965
- Section 2(8 )
- Section 2(13)
- Section 2(21)
- Section 10
5) Equal Remuneration Act, 1976
An Act of Parliament to provide for the payment of equal remuneration to men and women workers and for the prevention of discrimination on the grounds of sex, against women in the matter of employment and for matters connected there under or incidental thereto.
Banks to maintain registers in Form-D and make it available for inspection to the appropriate authorities under the Act.
6) Maternity Benefit Act, 1961
An Act of Parliament to regulate the employment of women in certain establishments for certain periods before and after child-birth and to provide for maternity benefits and certain other benefits.
The Act is applicable to establishments as notified by the State Governments with the approval of the Central Government. Many State Governments have made this Act applicable to all establishments to which the Shops and Establishments Act of the concerned State is applicable. In many States the banks have been exempted from the provisions of the Shops and Establishments Act. Wherever State Government notification covers banks also, the provisions of the Maternity Benefit Act becomes applicable to the bank employees.
The Bipartite Settlements applicable to workmen in banks and the Officers' Service Regulations applicable to officer employees have adequate in-built provisions extending maternity benefits.
7) Apprentices Act, 1961
An Act of Parliament for the regulation and control of training of apprentices.
8 ) Workmen's Compensation Act, 1923
An Act of Parliament to provide for the payment of compensation for injury or death by accident to workmen.
- Section 2(n)
- Section 4
9) Employment Exchanges (Compulsory Notification of Vacancies) Act, 1959
An Act of Parliament.
10) The Employees' Provident Funds and Miscellaneous Provisions Act, 1952
An Act of Parliament.
11) Shops and Establishments Act
State enactments to regulate conditions of work and employment in shops and commercial establishments. Though most Acts cover banking companies also under the definition of `commercial establishments' for the purpose of the Acts, by separate notifications banks have been exempted either entirely from the provisions of the Act or from certain provisions of the Act like opening and closing hours, hours of work, weekly holidays, etc.
All the above labour laws are applicable to the Banking sector..... (those provision are given just for reference to be read with other applicable provisions of the acts)
From India, Bangalore
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Labour laws.ppt
All the labour laws.doc
Labour Laws.pdf