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
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12From India, Mumbai
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All labor laws are applicable to banks, such as the Shop Act, Minimum Wages Act, Contract Labor Act, ID Act, etc. If a bank's operation is within a state, state rules apply; if the bank is multi-state, then central rules apply.
Regards,
N. Dilip
Navi Mumbai
[Email Removed For Privacy Reasons]
From India, Mumbai
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Regards,
N. Dilip
Navi Mumbai
[Email Removed For Privacy Reasons]
From India, Mumbai
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Labour Laws Applicable to the Banking Sector
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 therewith or incidental thereto. Banks must maintain registers in Form-D and make them 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 childbirth 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, 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 become applicable to 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. These provisions are given just for reference to be read with other applicable provisions of the acts.
From India, Bangalore
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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 therewith or incidental thereto. Banks must maintain registers in Form-D and make them 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 childbirth 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, 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 become applicable to 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. These provisions are given just for reference to be read with other applicable provisions of the acts.
From India, Bangalore
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LABOUR LAWS FOR IT INDUSTRY.pdf
Labour laws.ppt