Industrial Disputes (Banking and Insurance Companies) Act, 1949
No: 54 Dated: Dec, 14 1949
THE INDUSTRIAL DISPUTES (BANKING AND INSURANCE COMPANIES) ACT, 1949
ACT NO. 54 OF 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.
(2) It extends to the whole of India [except the State of Jammu and Kashmir].
2. 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.
3. [Amendment of section 2, Act 14 of 1947.] Rep. by the Repealing and Amending Act, 1952 (48 of 1952), s. 2 and the First Schedule.
4. 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.
5. Abatement of proceedings relating to disputes pending before [State] tribunals and reference of such disputes to tribunals constituted by the Central Government.—(1) Where under any law any industrial dispute concerning any banking or insurance company or any matter relating to such dispute has, before the 30th day of April, 1949, been referred by a [State] Government or any officer or authority subordinate to such Government to any tribunal or other authority for adjudication or settlement and any proceedings in respect of or arising out of such reference were immediately before that date pending before any tribunal or other authority, then on the aforesaid date such refence shall be deemed to have been withdrawn and all such proceedings shall have abated.
(2) The Central Government shall, as soon as may be after the commencement of this Act, by order in writing, refer under section 10 of the said Act every industrial dispute to which the provisions of sub-section (1) apply to an Industrial Tribunal constituted under the said Act for adjudication.