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CS Executive · Setting Up of Business, Industrial and Labour Laws · Evaluation of Labour Legislation and need of Labour Code

Under the Industrial Relations Code, 2020, the Finance Act, 2017 Eighth Schedule was amended in relation to Industrial Tribunals. Which statement correctly reflects that amendment?

The Code amends the Eighth Schedule of the Finance Act, 2017 so that the Central Government's Industrial Tribunal is the one constituted under sub-section (1) of section 44 of the Industrial Relations Code, 2020, replacing the reference to the Industrial Disputes Act, 1947.

  1. AThe Industrial Tribunal is described as one constituted by the Central Government under sub-section (1) of section 44 of the Industrial Relations Code, 2020Correct
  2. BThe Industrial Tribunal is abolished and replaced by the National Company Law Tribunal
  3. CThe Industrial Tribunal is described as one constituted by the State Government under the Industrial Disputes Act, 1947
  4. DThe Industrial Tribunal is merged with the competent authority under the Code on Social Security

Explanation

Section 102 of the Code substitutes the words in the Eighth Schedule so that the Tribunal is the one constituted by the Central Government under sub-section (1) of section 44 of the Code, and the Act reference becomes the Industrial Relations Code, 2020. The other options reverse or invent changes.

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