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Concept, Objective & Significance - Industrial Disputes Act(1947), Industrial Laws Video Lecture | Industrial Laws - B Com
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FAQs on Concept, Objective & Significance - Industrial Disputes Act(1947), Industrial Laws Video Lecture - Industrial Laws - B Com
| 1. What is the Industrial Disputes Act (1947)? |  |
Ans. The Industrial Disputes Act (1947) is a legislation enacted in India to regulate industrial disputes and provide a mechanism for the resolution of conflicts between employers and employees. It aims to maintain peace and harmony in the workplace and ensure fair treatment for workers.
| 2. What are the objectives of the Industrial Disputes Act (1947)? | |
Ans. The objectives of the Industrial Disputes Act (1947) are as follows:
- To prevent and settle industrial disputes through negotiations and conciliation.
- To provide a legal framework for the investigation and settlement of industrial disputes.
- To establish industrial tribunals and labor courts to adjudicate disputes.
- To protect the rights of workers and ensure fair wages, benefits, and working conditions.
- To promote social justice and maintain industrial peace and harmony.
| 3. What is the significance of the Industrial Disputes Act (1947)? | |
Ans. The Industrial Disputes Act (1947) holds significant importance in the following ways:
- It provides a legal framework for resolving conflicts between employers and employees, preventing strikes and lockouts.
- It ensures fair treatment of workers and protects their rights, promoting social justice in the industrial sector.
- It establishes mechanisms like conciliation, arbitration, and industrial tribunals for the resolution of disputes, providing timely and effective solutions.
- It helps in maintaining industrial peace and harmony, creating a conducive environment for productivity and growth.
- It provides a platform for workers to voice their grievances and seek redressal, thereby maintaining a balance of power in labor relations.
| 4. What are some key provisions of the Industrial Disputes Act (1947)? | |
Ans. The key provisions of the Industrial Disputes Act (1947) include:
- Definition and recognition of industrial disputes.
- Establishment of conciliation officers, boards, and courts for dispute resolution.
- Provisions for strikes, lockouts, and layoff of workers.
- Regulations related to retrenchment, closure, and transfer of undertakings.
- Settlement of disputes through collective bargaining and arbitration.
- Protection against unfair labor practices and victimization of workers.
- Provision for the formation and functioning of works committees and joint committees.
- Guidelines for the payment of compensation and benefits in case of disputes.
| 5. How does the Industrial Disputes Act (1947) impact the business and labor sector? | |
Ans. The Industrial Disputes Act (1947) has a significant impact on the business and labor sector in the following ways:
- It provides a legal framework that ensures fair treatment of workers, which contributes to increased employee satisfaction and productivity.
- It establishes mechanisms for the resolution of disputes, preventing prolonged strikes and lockouts that can disrupt business operations.
- It promotes social justice by safeguarding workers' rights and ensuring fair wages, benefits, and working conditions.
- It encourages collective bargaining and negotiation between employers and employees, fostering a cooperative and harmonious work environment.
- It creates a balance of power between employers and employees, preventing exploitation and ensuring a level playing field for both parties.
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