1. Short title.- This Act may be called the Industrial Disputes
\n(Banking Companies) Decision Act, 1955.2.Definitions.<\/p>\n
2. Definitions.- In this Act, unless the context otherwise requires,–<\/p>\n
(a) “appellate decision” means the decision of the Labour
\nAppellate 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
\nDisputes), Bombay;<\/p>\n
(b) “award” means the award of the All-India Industrial
\nTribunal (Bank Disputes), Bombay, constituted by the notification of the Government of India in the Ministry of Labour No. S.R.O. 35, dated the 5th day of January,
\n1952;<\/p>\n
(c) “Bank Award Commission” means the person appointed by the Resolution of the Government of India in the
\nMinistry of Labour No. LR. 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 Labour No.
\nLR. 100(56)\/54, dated the 17th day of September, 1954;<\/p>\n
(d) “modification order” means the order of the Government of India in the Ministry of Labour No. S.R.O. 2732, dated the 24th day of August, 1954, modifying the appellate decision under section 15 of the Industrial
\nDisputes (Appellate Tribunal) Act, 1950 (48 of 1950),<\/p>\n
320.3.Appellate decision to have effect subject to the modificationsrecommended by the Bank Award Commission.<\/p>\n
3. Appellate decision to have effect subject to the modifications recommended by the Bank Award Commission.- 1*[(1)] The appellate decision shall have effect as if the modifications recommended in
\nChapter 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
\nTribunal within the meaning of the Industrial Disputes (Appellate
\nTribunal) Act, 1950 (48 of 1950), and the award shall have effect accordingly.<\/p>\n
2*[(2) Notwithstanding anything contained in sub-section (1), the recommendations in Chapter XI of the Report of the Bank Award
\nCommission 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–<\/p>\n
(a) with effect from the 1st January, 1955, in relation to the C Class banks known as the South Indian Bank
\nLimited, Trichur, and the Catholic Syrian Bank Limited, Trichur, as if–<\/p>\n
(1) in clause (1) of the said recommendations–<\/p>\n
(i) under the heading `C Class, after the entry (viii), Travancore Bank, the entries `(ix), South Indian Bank, Trichur and `(x), Catholic
\nSyrian Bank, Trichur, had been inserted;<\/p>\n
(ii) items (i) and (ii) under sub-clause (b)
\nhad been omitted; and<\/p>\n
(2) in clause (2) thereof, after the words
\n`Travancore Bank, the words `the South Indian
\nBank, Trichur, and the Catholic Syrian Bank, Trichur had been inserted; and<\/p>\n
(b) with effect from the 1st January, 1956, in relation to the C Class banks known as the Palai Central Bank
\nLimited, Palai, and the Travancore Forward Bank
\nLimited, Kottayam, and the D Class banks, as if in clause (1) of the said recommendations, items (i) and
\n(ii) under sub-clause (b) had been omitted.<\/p>\n
(3) The arrears of emoluments payable to the workmen of the banking companies specified in sub-section (2) by reason of the modifications effected by that sub-section shall be paid as follows:–<\/p>\n
(a) in the case of the banking companies specified in clause
\n(a) of that sub-section–<\/p>\n
(i) the arrears for the year 1955 shall be paid in two equal instalments of which the first shall be paid within
\n———————————————————————
\n1. S. 3 renumbered as sub-section (1) of that section by Act 40 of
\n1957, s. 2.2. Ins. by s. 2, ibid.<\/p>\n
320A<\/p>\n
thirty days from the commencement of the
\nIndustrial Disputes (Banking Companies) Decision
\nAmendment Act, 1957 (40 of 1957), and the second within six months after such commencement; and<\/p>\n
(ii) the arrears for the period from the 1st
\nJanuary, 1956, to such commencement shall be paid within thirty days thereof;<\/p>\n
(b) in the case of the banking companies specified in clause
\n(b) of that sub-section, the arrears for the period from the 1st January, 1956, to such commencement shall be paid within thirty days thereof.<\/p>\n
(4) For the purposes of this section, the expression `the former
\nState of Travancore-Cochin means the State of Travancore-Cochin as it existed immediately before the 1st November, 1956.]<\/p>\n
1*[(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
\nChapter XI of the Report of the Bank Award Commission, such adjustment there-of as it thinks fit for any period subsequent to the 31st
\nDecember, 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
\nReport of that Commission:<\/p>\n
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 is 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.]<\/p>\n
4.Duration of the award.<\/p>\n
4. Duration of the award.- Notwithstanding anything contained in the Industrial Disputes Act, 1947 (14 of 1947), or the Industrial
\nDisputes (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 section 3 shall remain in force until the 31st day of
\nMarch, 1959.5.Modification order to have no effect except in certain cases.<\/p>\n
5. Modification order to have no effect except in certain cases.-
\nThe provisions 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 section 3.———————————————————————
\n1. Ins. by Act 38 of 1958, s. 2.320B<\/p>\n
6.Power to remove difficulties.<\/p>\n
6. Power to remove difficulties.- (1) If in the opinion of the
\nCentral Government any difficulty or doubt has arisen as to the interpretation of any provision of the award as now modified by the decision of the Appellate Tribunal in the manner referred to in section 3, it shall refer for decision the matter in respect of which such difficulty or doubt has arisen to a single member of the Labour
\nAppellate Tribunal constituted under the Industrial Disputes
\n(Appellate Tribunal) Act, 1950 (48 of 1950), or to such Industrial
\nTribunal constituted under the Industrial Disputes Act, 1947 (14 of
\n1947), as it may, by notification in the Official Gazette, specify in this behalf.<\/p>\n
(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 and binding on all such parties.<\/p>\n","protected":false},"excerpt":{"rendered":"
1. Short title.- This Act may be called the Industrial Disputes (Banking Companies) Decision Act, 1955.2.Definitions. 2. Definitions.- In this Act, unless the context otherwise requires,– (a) “appellate decision” means the decision of the Labour Appellate Tribunal, dated the 28th day of April, 1954, in the matter of the appeals filed before it against the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[63],"tags":[],"class_list":["post-812","post","type-post","status-publish","format-standard","hentry","category-labour-laws-act-rules"],"yoast_head":"\n