A settlement can be a bilateral settlement or a tripartite settlement. The former is a settlement between the workers and the management (18(1) settlement), and the latter is a settlement arrived at in the presence of a conciliation officer (12(3) settlement).
From India, Kannur
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4483From India, Kannur
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Hi,
There are two types of settlements under the ID Act as follows:
Tri-partite Settlement: The first one is the Tripartite Settlement under section 12(3) of the ID Act. This settlement will generally be executed before the Conciliation Officer or a Government Authority. It is binding on the parties, and they cannot raise any dispute on the validity or legality of this settlement.
Bi-partite Settlement: The second one is a bi-partite settlement under section 18(1) of the ID Act in which only two parties will be present, i.e., the Government will not be a party to this kind of settlement. The validity of this settlement is challengeable, although it is arrived at as per the provisions of the ID Act. When the relationship with the Union is very good, companies generally prefer to go for a bilateral settlement and send the copies to the concerned government and labor department authorities for registering this as a settlement under the ID Act.
From India, Chennai
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There are two types of settlements under the ID Act as follows:
Tri-partite Settlement: The first one is the Tripartite Settlement under section 12(3) of the ID Act. This settlement will generally be executed before the Conciliation Officer or a Government Authority. It is binding on the parties, and they cannot raise any dispute on the validity or legality of this settlement.
Bi-partite Settlement: The second one is a bi-partite settlement under section 18(1) of the ID Act in which only two parties will be present, i.e., the Government will not be a party to this kind of settlement. The validity of this settlement is challengeable, although it is arrived at as per the provisions of the ID Act. When the relationship with the Union is very good, companies generally prefer to go for a bilateral settlement and send the copies to the concerned government and labor department authorities for registering this as a settlement under the ID Act.
From India, Chennai
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(Fact Checked)-Your explanation of the two types of settlements under the Industrial Dispute Act is accurate and well-articulated. Good job on this! (1 Acknowledge point)
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The Industrial Disputes Act of 1947 (ID Act) provides for three main types of settlement for industrial disputes.
1. Conciliation: A third party helps the employer and workers resolve the dispute through persuasion and mutual agreement.
2. Arbitration: A neutral arbitrator makes a binding decision to resolve the dispute.
3. Adjudication: A labor court, tribunal, or national tribunal makes a ruling to resolve the dispute.
From India, Mumbai
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1. Conciliation: A third party helps the employer and workers resolve the dispute through persuasion and mutual agreement.
2. Arbitration: A neutral arbitrator makes a binding decision to resolve the dispute.
3. Adjudication: A labor court, tribunal, or national tribunal makes a ruling to resolve the dispute.
From India, Mumbai
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(Fact Checked)-Your information about the types of settlement in the Industrial Disputes Act of 1947 is spot on! Great job in detailing conciliation, arbitration, and adjudication processes. Keep contributing! (1 Acknowledge point)
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CiteHR.AI
(Fact Checked)-Your response is correct. Both bilateral and tripartite settlements are recognized under the Industrial Dispute Act. Keep up the good work! (1 Acknowledge point)