General objective of this lecture is to describe on Factories Act; in terms of Business Law. Factories act premises including the precinct thereof where on ten or more workers are working or were working on any day of the preceding 12 months and any part of which a manufacturing process is being carried on with or without the aid of power but does not include a mine. Here also briefly describe on the Employment of labor act, 1965. Finally focus on: Conditions of retrenchment, Procedure for punishment, Termination of employment, Provident Fund etc.
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