Industrial Disputes (Banking and Insurance Company) Decision Act
Preamble
1. Short Title
2. Definitions
3. Appellate Decision to Have Effect Subject to the Modifications Recommended by the Bank Award Commission
4. Duration of The Award
5. Modification order to have no Effect in Certain Cases
6. Power to Remove Difficulties
Preamble
[Act 141 of 1955]
An Act to provide for the modification of the
decision of the Labor Appellate Tribunal, dated the
28th day of 1954, in accordance with the recommendations of the Bank Award
Commission and the giving effect to the award accordingly.
Be it enacted by Parliament in the Sixth Year
of the
Comment: The effect of the Act is to validate certain
Bank awards. The Act by itself does not create any statutory obligation against
any person. The awards recognized by the Act cannot be placed on a higher
footing than a decree of a
1. Short Title
This Act may be called The Industrial Disputes (Banking Companies) Decision Act, 1955.
2. Definitions
In this Act, unless the context otherwise
requires. �
(a) "appellate decision" means the decision of the Labor
Appellate Tribunal, dated the 28th day of April, 1954, in the matter of the appeals
filed before it against the award of the All-India Industrial Tribunal (Bank
Disputes),
(b) "Award"
means the award of the All-India Industrial Tribunal (Bank Disputes),
(c) "Bank Award
Commission" means the person appointed by the Resolution of the Government
of India in the Ministry of Labor, No. L.R. 100 (9)/55, dated the 25th day of
February, 1955, to enquire into and report upon the terms of reference
specified in the Resolution of the government of India in the Ministry of
Labor, No. L.R. 100 (56)/54, dated 17th day of September, 1954;
(d) "Modification order" means the order of the Government of India in the Ministry of Labor, No. SRO 2732, dated the 24th day of August, 1955, modifying the appellate decision under See. 15 of the Industrial Disputes (Appellate Tribunal) Act, 1950 (48 of 1950).
3. Appellate Decision to Have Effect Subject to the Modifications Recommended by the Bank Award Commission
(1) The appellate decision shall have effect
as if the modifications recommended in Chapter XI of the Report of the Bank
Award Commission, dated the 25th day of July, 1955, had actually been made
therein, and the appellate decision as so modified shall be the decision of the
Appellate Tribunal within the meaning of the Industrial Disputes (Appellate
Tribunal) Act, 1950) (48 of 1950) and the award shall have effect accordingly.
(2) Notwithstanding anything contained in
Sub-sec. (1), the recommendations in Chapter XI of the Report of the Bank Award
Commission in relation to the banking companies incorporated in the former
State of Travancore-Cochin specified in that Chapter
shall be modified and shall be deemed to have been modified -
(a) with effect from
the 1st January, 1955, in relation to the C Class Banks known as the South
India Bank Limited, Trichur, and the Catholic Syrian
Bank Limited, Trichur, as if -
(1) in
Clause (1) of the said recommendations -
(i)
under the holding 'C Class' after the entry '(viii)', Travancore Bank' the entries '(ix), South Indian Bank, Trichur' and '(x)' Catholic Syrian Bank, Trichur, had been inserted;
(ii) items (i) and (ii) under
Sub-clause (b) had been omitted; and
(2) in Clause (2)
thereof, after the words 'Travancore Bank' the words
the South Indian Bank, Trichur, and the Catholic
Syrian Bank, Trichur had been inserted; and
(b) with effect from the
1st January, 1956, in relation to the C Class banks known as the Palai Central Bank Limited, Palai
and the Travancore Forward Bank Limited, Kottayam, and the D Class Banks, as if in Clause (1) of the
said recommendations items (i) and (ii) under Sub-clause
(b) had been omitted.
(3) The arrears of emoluments, payable to the
workmen of the banking companies specified in Sub-sec. (2) by reason of the
modification effected by that Sub-sec. shall be paid as follows -
(a) in
the case of the banking companies specified in Clause
(a) of
that sub-section -
(i)
the arrears for the year 1955 shall be paid in two equal installments of which
the first shall be paid within thirty days from the commencement of the
Industrial Disputes (Banking Companies) Decisions Amendment Act, 1957, and the
second within six months after such commencements; and
(ii) the arrears for the period from
(b) in
the case of the banking companies specified in Clause
(b) of
that Sub-section, the arrears for the period from
(4) For the purposes of this section, the
expression 'the former State of
(5) Notwithstanding anything contained in the
foregoing provisions of this section, the Central Government may, from time to
time, by notification in the Official Gazette, make in lieu of the adjustment
of the dearness allowance recommended in Clause 1(e) of Chapter XI of the
Report of the Bank Award Commission, such adjustment thereof as it thinks fit
for any period subsequent to the 31st December, 1957, with reference to the
rise or fall, as compared to 144 (1944=100), of the average All-India Cost of
Living Index for any period immediately preceding that period; and upon the
issue of such notification the adjustment of dearness allowance so made for any
period shall be deemed to have been recommended in Clause 1(e) of the Report of
that Commission :
Provided that any adjustment so made shall, so far as may be, bear to the rise or fall of the Cost of Living Index the same ratio as it indicated between the adjustment of dearness allowance and the rise or fall of the Cost of Living Index in the formula recommended in that clause.
4. Duration of The Award
Notwithstanding anything contained in the Industrial Disputes Act, 1947 (14 of 1947), or the Industrial Disputes (Appellate Tribunal Act, 1950 (48 of 1950), the award as now modified by the decision of the Appellate Tribunal in the manner referred to in Sec. 3 shall remain in force until the 31st Day of March, 1959.
5. Modification order to have no Effect in Certain Cases
The provision of the modification order shall not have, and shall be deemed never to have had, any force or effect except in so far as any of such provisions has become incorporated in the award by reason of the provisions contained in Sec. 3.
6. Power to Remove Difficulties
(1) If in the opinion of the Central
Government any difficulty or doubt has arisen as to the interpretation of any
provision of the award as now modified by decision of the Appellate Tribunal in
the manner referred to in Sec. 3, it shall refer for decision the matter in
respect of which such difficulty or doubt has arisen to a single member of the
Labor Appellate Tribunal constituted under the Industrial Dispute (Appellate
Tribunal) Act, 1950 (48 of 1950), or to such Industrial Tribunal constituted
under the Industrial Disputes Act, 1947 (14 of 1947), as it may, by
notification in the Official Gazette, specify in this behalf.
(2) The tribunal to which such matter is referred shall, after giving the parties a reasonable opportunity of being heard, decide such matter and its decision shall be final binding on all such parties.