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Section 2(cc) defines the term closure under IDA 1947.
There is condition and procedure under Sec 25FFA and Under Sec 25-O(1) under Central Rule Rule 76C(1).At the same time please go through chapter VA & VB of Industrial Disputes Act, 1947 for effecting closure of your factory.
All Above will provide the condition for closure .
Notices/Forms to be filled
If Closure is under Section 25-FFA of The Industrial Disputes Act, 1947 Rule 76-B, Form Q (Form of notice of closure to be given by an employer) to be sent by the employer to the Labour Secretary(GoI)/ RLC(C )/ALC( C)/Local Employment Exchange.
If the closure is under Section 25-O(1) (Form of notice of closure to be given by an employer) to be sent by the employer to be served by the employer to the labor Secretary(GoI) with a copy to the Registered Trade Union of the establishment.
Settlement under the closure has to be done by paying notice period to the employees and all other due clearances like Gratuity,PF, Bonus.