Ad Type | I am offering |
The Industrial Disputes Act, 1947, is a pivotal legislation in India aimed at resolving conflicts between employers and employees and maintaining industrial peace. It provides a legal framework for the investigation and settlement of industrial disputes through mechanisms like conciliation, arbitration, and adjudication. The Act addresses issues such as layoffs, retrenchments, strikes, lockouts, and unfair labor practices, ensuring both workers’ and employers’ rights are safeguarded. It classifies disputes into individual and collective, offering specific remedies for each. Key provisions include rules for compensation during retrenchment, notice periods, and conditions for lawful strikes or lockouts. By promoting dispute resolution and industrial harmony, the Act plays a crucial role in fostering a stable and productive industrial environment.