Nothing in this Act shall apply to-
(i) ** 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) [***] ;
(vii) [* * *]
(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 3-A, of the State Financial Corporation Act, 1951 (63 of 1951) ;
(c) the Deposit Insurance Corporation ;
(d) The National Bank for Agricultural and Rural Development ;
(e) the Unit Trust of India ;
(f) the Industrial Development Bank of India ;
(fa) the Small Industries Development Bank of India established under Section 3 of the Small Industries Development Bank of India Act, 1989.
(ff) the National Housing Bank ;
(g) any other financial institution (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 ;
(x) [* * *]
(xi) employees employed by inland water transport establishments operating on routes passing through any other country.
Bonus
Contractors
