Explanation:

The National Rural Employment Guarantee Act (NREGA) is a social security measure that guarantees the right to work. It provides employment opportunities to rural households through a guaranteed minimum of 100 days of wage employment in a financial year. However, this Act does not apply to companies like TISCO, which is a private sector company.

Reason:

The National Rural Employment Guarantee Act (NREGA) specifically targets rural households and aims to provide them with employment opportunities. It is primarily focused on addressing rural unemployment and poverty. Since TISCO is an industrial company and not a rural household, the NREGA does not apply to it.

Other Acts:

a) Minimum Wages Act: This Act establishes the minimum wage that employers are required to pay to workers. It applies to all establishments, including industrial companies like TISCO. Therefore, the Minimum Wages Act would apply to TISCO.

c) Factories Act: The Factories Act regulates the working conditions in factories, including health, safety, welfare, and working hours of workers. Since TISCO is a factory, the Factories Act would apply to it.

d) Payment of Gratuity Act: The Payment of Gratuity Act provides for the payment of gratuity to employees who have completed a certain period of continuous service. It applies to all establishments, including industrial companies like TISCO. Therefore, the Payment of Gratuity Act would apply to TISCO.

In summary, the National Rural Employment Guarantee Act (NREGA) would not apply to a company like TISCO because it specifically targets rural households and provides employment opportunities in rural areas. TISCO being an industrial company, the other Acts mentioned (Minimum Wages Act, Factories Act, and Payment of Gratuity Act) would apply to it.

TISCO is Tata Iron and Steel Company. Above mentioned four acts come under Labour and Industrial Laws. Factories Act exclusively meant for Labour engaged in Factories , Minimum Wages Act & Payment of Wages Act are applicable for Establishment like Factories, Mines, Oilfields, Plantations, Ports, Railways, Companies etc. where as MNREGA Act is meant for enhancement of livelihood security of household of rural areas by providing at least 100 days guaranteed wage employment every financial year to every household.