I am not a legal expert, but I can provide some general information that may help guide you. However, for specific advice related to your situation, it is advisable to consult with a legal professional who specializes in labor laws in India.
Under the Industrial Disputes Act, 1947, Section 25K and 25N relate to the provisions for notice and compensation in case of retrenchment. In general, the requirement for providing notice and compensation depends on the number of workmen being retrenched.
Section 25K: This section deals with the requirement of notice to the appropriate government or the authority specified by it before retrenching workmen. The notice period is typically three months.
Section 25N: This section deals with the requirement of payment of compensation to workmen in case of retrenchment. The compensation is equivalent to 15 days' average pay for every completed year of continuous service.
The applicability of these provisions can depend on factors such as the number of workmen being retrenched, the reasons for retrenchment, and whether the company falls within the purview of the Act.
For companies with more than 100 workmen, it's important to comply with the legal provisions related to retrenchment. However, it's recommended to seek legal advice to ensure accurate and up-to-date information based on your specific circumstances. Labor laws are subject to change, and a legal professional will be able to provide guidance based on the latest regulations.