Page 4 - DMGT306_MERCANTILE_LAWS_II

SYLLABUS

Mercantile Laws – II

Objectives:
 To create awareness among students about the legal provisions relating to social security and employee remuneration
in the industry.

 To make students aware of the industrial laws and their application for the welfare of workmen.
 To familiarize students with the consumer related issues and remedial procedures.

Sr. No. Description
1. The Factories Act, 1948: Definition of Factory, Adult, Adolescent, Young person, Competent person, Object
and Scope of Act, Approval, Licensing and registration of Factories, Provisions regarding Health, Welfare,
Safety, Working hours for Adults, Employment of young persons, Annual Leave with Wages, Penalties under
the Act.
2. The Workmen Compensation Act, 1923: Definition of Commissioner, Workman, Disablement, Rules regarding
Workmen's compensation, Defences available to employers, Amount and Distribution of Compensation,
Enforcement of Act.
3. Employees Insurance Act, 1948: Definition of Appropriate government, Benefit Period, Corporation,
Contribution, Insurable Workman, Scope and Object of Act, Administration of Act, Benefits conferred by Act,
Adjudication of Disputes, Penalties under the Act.
4. Employees Provident Fund Act, 1952: Definitions of Pension fund, Pension Scheme, Superannuation,
Employees Pension Fund Scheme and Fund, Employees Provident Fund Scheme, Employees Deposit Linked
Insurance Scheme. Determination and Recovery of money due from employer, Penalties under the Act.
5. Payment of Gratuity Act, 1972: Definition of gratuity, Completed year of service, Continuous service, Scope
and Object of Act, Provisions regarding Payment and forfeiture of Gratuity, Determination and Recovery of
Gratuity, Penalties under act
6. Payment of Wages Act, 1936: Definition of Wages, Scope and Object of Act, Rules regarding Payment of
Wages, Deductions of Wages, Penalties under the Act, Minimum Wages Act, 1948 – Object and Scope of Act,
Provisions regarding Fixation and Revision of Wages, Safeguards available in Payment of Minimum Wages.
7. Industrial Dispute Act, 1947: Definition of Industrial Dispute, Object and Extent of Act, Modes of Settlement of
industrial Dispute, Causes of Industrial Dispute, Strikes vs. Lock-outs, Lay -off vs. Retrenchment, Unfair
Labour Practices under Fifth Schedule
8. Trade Union Act, 1926: Definition of Trade Dispute, Trade Union, Scope and Object of Act, Registration of
Trade Union, Rights and Liabilities of Registered Trade Union, Amalgamation of Trade Union, Dissolution of
Trade Union, Penalties under the Act.
9. Payment of Bonus Act, 1965: Definition of Accounting Year, Allocable Surplus, Available Surplus, Eligibility
and Disqualification of Bonus, Computation of Bonus, Powers of Inspectors Offences and Penalties under the
Act.
10. Consumer Protection Act, I.T Act.