The Industrial Disputes (Banking and Insurance Companies) Act, 1949

THE INDUSTRIAL DISPUTES (BANKING AND INSURANCE COMPANIES) ACT, 1949

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THE INDUSTRIAL DISPUTES (BANKING AND INSURANCE COMPANIES) ACT, 1949 ________ ARRANGEMENT OF SECTIONS _______ SECTIONS 1. Prohibition of references by State Governments of certain industrial disputes for adjudication, inquiry or settlement. Abatement of proceedings relating to disputes pending before State tribunals and reference of such disputes to tribunals constituted by the Central Government. Powers of Central Government to refer disputes in respect of which awards or decisions have been made for adjudication.

THE INDUSTRIAL DISPUTES (BANKING AND INSURANCE COMPANIES) ACT, 1949

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Section 1 — Short title and extent

Section 2 — Definitions

Section 4 — Prohibition of references by [State] Governments of certain industrial disputes for adjudication, inquiry or settlement

Section 5 — Abatement of proceedings relating to disputes pending before [State] tribunals and reference of such disputes to tribunals constituted by the Central Government

Section 6 — Powers of Central Government to refer disputes in respect of which awards or decisions have been made for adjudication

THE INDUSTRIAL DISPUTES (BANKING AND INSURANCE COMPANIES) ACT, 1949 1 ACT NO. 54 OF 1949 [14th December, 1949.] An Act to provide for the adjudication of industrial disputes concerning certain banking and insurance companies. WHEREAS it is expedient to provide for the adjudication of industrial disputes concerning banking and insurance companies having branches or other establishments in more than one State; It is hereby enacted as follows:— 1. Short title and extent.—(1) This Act may be called the Industrial Disputes (Banking and Insurance Companies) Act, 1949. Definitions.—In this Act, unless there is anything repugnant in the subject or context, the expressions “award”, “banking company”, “industrial dispute” and “insurance company” have the meanings respectively assigned to them in section 2 of the Industrial Disputes Act, 1947 (14 of 1947) as amended by this Act. Prohibition of references by [State] Governments of certain industrial disputes for adjudication, inquiry or settlement.—Notwithstanding anything contained in any other law, it shall not be competent for a State Government or any officer or authority subordinate to such Government to refer an industrial dispute concerning any banking or insurance company, or any matter relating to such dispute, to any tribunal or other authority for adjudication, inquiry or settlement.

which the dispute or any of the matters in dispute is referred for adjudication has submitted its award or

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Section 7 — Repeal of Ordinance 28 of 1949

which the dispute or any of the matters in dispute is referred for adjudication has submitted its award or for such further period as the Central Government may consider necessary. (2) After the Industrial Tribunal to which the dispute or any of the matters in dispute has been so referred for adjudication has submitted its award under sub-section (1) of section 15 of the said Act, the Central Government may, by order in writing, declare that the award or decision previously made in 1 respect of such dispute by the tribunal or other authority constituted or appointed by the [State] Government or any officer or authority subordinate to such Government or such part of that award or decision as may be specified in the order shall cease to be in operation. Repeal of Ordinance 28 of 1949.—(1) The Industrial Disputes (Banking and Insurance Companies) Second Ordinance, 1949 (28 of 1949) is hereby repealed. (2) Notwithstanding such repeal, anything done or any action taken in the exercise of any power conferred by or under the said Ordinance shall be deemed to have been done or taken in the exercise of the powers conferred by or under this Act, as if this Act were in force on the day on which such thing was done or action taken.