Amendment status not verified — confirm the current text below against the official source.
Act not to apply to certain classes of employees. – Nothing in this Act shall apply to -- (i) 3[***] employees employed by any insurer carrying on general insurance business and the employees employed by the Life Insurance Corporation of India; (ii) seamen as defined in clause (42) of section 3 of the Merchant Shipping Act, 1958 ( 44 of 1958); (iii) employees registered or listed under any scheme made under the Dock Workers (Regulation of Employment) Act, 1948 (9 of 1948), and employed by registered or listed employers; (iv) employees employed by an establishment engaged in any industry carried on by or under the authority of any department of the Central Government or a State Government or a Local authority; (v) employees employed by -- (a) the Indian Red Cross Society or any other institution of a like nature (including its branches); (b) universities and other educational institutions; (c) institutions (including hospitals, chambers of commerce and social welfare institutions) established not for purposes of profit; (vi) employees employed through contractor on building operations; 4[***] (viii) employees employed by the Reserve Bank of India; (ix) employees employed by -- (a) the Industrial Finance Corporation of India; (b) any Financial Corporation established under section 3, or any Joint Financial Corporation established under section 3A, of the State Financial Corporations Act, 1951 (63 of 1951); (c) the Deposit Insurance Corporation; 5[(d)the National Bank for Agriculture and Rural Development;] (e) the Unit Trust of India; (f) the Industrial Development Bank of India; 1 Ins. by Act 66 of 1980, sec. 17 (w.r.e.f. 21.8.1980) 2 Subs. by Act 66 of 1980, sec. 17, for “Provided that” (w.r.e.f. 21.8.19800 3 the words “employees employed by any insurer carrying on general insurance business and the” omitted by Act 62 of 1968, sec. 41. 4 Clause (vii) omitted by Act 66 of 1980, sec, 18 (w.r.e.f. 21.8.1982) 5 Subs. by Act of 1981, sec. 61 and Sch.II, for sub-clause (d) (w.r.e.f. 12.7.1982) 20 1[(fa) the Small Industries Development Bank of India established under section 3 of the Small Industries Development Bank of India Act, 1989;] 2[(ff)the National Housing Bank;] (g) any other financial institution 3[(other than a banking company)], being an establishment in public sector, which the Central Government may, by notification in the Official Gazette, specify, having regard to -- (i) its capital structure; (ii) its objectives and the nature of its activities; (iii) the nature and extent of financial assistance or any concession given to it by the Government; and (iv) any other relevant factor; 4[***] (xi) employees employed by inland water transport establishment operating on routes passing through any other country.