Section 32:
Act not to apply to certain classes of employees.
Nothing in this Act shall apply to--
(i)
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[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;
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* * * * *;
* * * * *;
(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;
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[(d) the National Bank for Agriculture and Rural Development;]
(e) the Unit Trust of India;
(f) the Industrial Development Bank of India;
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[(fa) the Small Industries Development Bank of India established under section 3 of the
Small Industries Development Bank of India Act, 1989 (39 of 1989);]
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[(ff) the National Housing Bank;]
(g) any other financial institution 7
[(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;
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* * * * *;
(xi) employees employed by inland water transport establishments operating on routes
passing through any other country.
Notes:
1. The words in brackets shall stand omitted (date to be notified) by Act 62 of 1968, s. 41.
2. Clause (vi) omitted by Act 45 of 2007, s. 4 (w.e.f. 1-4-2006).
3. Clause (vii) omitted by Act 66 of 1980, s. 18 (w.e.f. 21-7-1980).
4. Subs. by Act 61 of 1981, s. 61 and the Second Schedule, for sub-clause (d) (w.e.f. 2-7-1982).
5. Ins. by Act 39 of 1989, s. 53 and the Second Schedule (w.e.f. 7-3-1990).
6. Ins. by Act 53 of 1987, s. 56 and the Second Schedule (w.e.f. 9-7-1988).
7. Ins. by Act 66 of 1980, s. 18 (w.e.f. 21-8-1980).
8. Clause (x) omitted by Act 23 of 1976, s. 20 (w.e.f. 25-9-1975).