What is IR Code: To consolidate and amend laws relating to Trade Unions, conditions of employment in Industrial Establishments or undertakings, Investigation and settlement of Industrial Disputes and connected matters. Acts to be repealed: Trade Unions Act, Industrial Employment Standing Orders) Act, & the Industrial Disputes Act Ministry looks to implement all 4 codes in one go Object : to achieve Industrial peace & harmony, progress of industry and cordial relationship between the employer and the employees Salient Provisions: Bipartite Forums: Constitution of Works Committee & Grievance Redressal Committee Registrar of Trade Unions, criteria, constitution and procedure Standing Orders: Applicability, Model Standing Orders, and procedure Notice of Change – Power to exempt.. Voluntary reference of disputes to arbitration Mechanism for Resolution of Industrial disputes Strikes & Lock-outs, Lay-off, Retrenchment & Closure Worker Reskilling fund Prohibition
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