The Industrial Disputes (Banking and Insurance Companies) Act, 1949

(1) This Act may be called the Industrial Disputes (Banking andInsurance Companies) Act, 1949. (2) It extends to the whole of India 1[except the State of Jammu and Kashmir*].

In this Act, unless there is anything repugnant in the subject or context, theexpressions "award", "banking company", "industrial dispute" and "insurance company" have themeanings respectively assigned to them in section 2 of the Industrial Disputes Act, 1947 (14 of 1947) asamended by this Act.

[Amendment of section 2, Act 14 of 1947.] Rep. by the Repealing and Amending Act, 1952(48 of 1952), s. 2 and the First Schedule.

4. Prohibition of references by 1[State] Governments of certain industrial disputes foradjudication, inquiry or settlement.--Notwithstanding anything contained in any other law, it shall notbe competent for a State Government or any officer or authority subordinate to such Government to referan industrial dispute concerning any banking or insurance company, or any matter relating to suchdispute, to any tribunal or other authority for adjudication, inquiry or settlement.

5. Abatement of proceedings relating to disputes pending before 1[State] tribunals and referenceof such disputes to tribunals constituted by the Central Government.--(1) Where under any law anyindustrial dispute concerning any banking or insurance company or any matter relating to such disputehas, before the 30th day of April, 1949, been referred by a 1[State] Government or any officer orauthority subordinate to such Government to any tribunal or other authority for adjudication or settlementand any proceedings in respect of or arising out of such reference were immediately before that datepending before any tribunal or other authority, then on the aforesaid date such refence shall be deemed tohave been withdrawn and all such proceedings shall have abated. (2) The Central Government shall, as soon as may be after the commencement of this Act, by order inwriting, refer under section 10 of the said Act every industrial dispute to which the provisions ofsub-section (1) apply to an Industrial Tribunal constituted under the said Act for adjudication.