Section 102 of The Industrial Relations Code, 2020
Amendment of Act 7 of 2017.
In the Finance Act, 2017, in the Eighth Schedule, against serial number 1,---
- (a)in column (2), for the words "Industrial Tribunal constituted by the Central Government", the words, brackets and figures "Industrial Tribunal constituted by the Central Government under sub-section (1) of section 44 of the Industrial Relations Code, 2020" shall be substituted;
- (b)in column (3), for the words and figures "The Industrial Disputes Act, 1947" (14 of 1947), the words and figures "The Industrial Relations Code, 2020" shall be substituted.
Summary
- Updates the Finance Act of 2017 to fit the new legal system.
- Replaces old tribunal names in the Finance Act with the ones defined in the 2020 law.
- Ensures the Industrial Tribunal is correctly linked to Section 44 of the new Code.
- Changes specific references in the Eighth Schedule of the Finance Act.
Practical examples
FAQ
1. What does Section 102 of the Industrial Relations Code 2020 do to the Finance Act?
Section 102 of the Industrial Relations Code, 2020, updates the Finance Act of 2017 by replacing references to old labour laws and old tribunal names with the new 2020 Code.
2. Which part of the Finance Act is changed by Section 102 of the Industrial Relations Code 2020?
Under Section 102 of The Industrial Relations Code, 2020, changes are made to the Eighth Schedule of the Finance Act, 2017, specifically at serial number one.
3. Does Section 102 of the Industrial Relations Code 2020 rename the tribunals?
Yes, under Section 102 of The Industrial Relations Code, 2020, the words "Industrial Tribunal constituted by the Central Government" are updated to include a specific reference to Section 44 of the new 2020 Code.
Test yourself
1.Under Section 102 of The Industrial Relations Code, 2020, which existing law is specifically amended?
2.Under Section 102 of The Industrial Relations Code, 2020, which schedule of the Finance Act is modified?
3.Under Section 102 of The Industrial Relations Code, 2020, what replaces the reference to the Industrial Disputes Act of 1947?
4.Under Section 102 of The Industrial Relations Code, 2020, the Industrial Tribunal is now described as being constituted under which part of the new Code?