PROJECT REPORT

HUMAN RESOURCE
DEVELOPMENT
IN INDIAN ORIENTED
INDUSTRIES

BY

RAVINDER SINGH

BACHELOR OF BUSINESS
ADMINISTRATION
FINAL YEAR
``KIIT COLLLEGE ``
MAURITY KUNJ SOHNA ROAD
GURGAON (HARYANA)

COSCO (INDIA) LIMITED

NEAR RAILWAY STATION
GURGAON
INTRODUCTION:-COSCO (INDIA) LTD. IS RUBBER SPORTS GOODS MANUFACTURING
INDUSTRY SITUATED NEAR

RAILWAY STATION GURGAON THE ABBREVIATED WORD OF

COSCO STANDS FOR CORONATION SPORTS BALL COMPANY. THIS INDUSTRY WAS
ESTABLISHED IN

1979 WITH JUST SEVEN PEOPLE ON ROLL. NOW IT HAS AROUND ONE

THOUSAND PERSONS ON ROLL IT IS AN INTERNATIONALLY REPUTE INDUSTRY IN THE

MANUFACTURING OF SPORTS GOODS. IT HAS MANY BRANCHES IN INDIA AND ONE
SRI

UNIT IN

LANKA ALSO. THE GROUND AREA OF THE INDUSTRY IS AROUND 33000 SQ.YARDS. THE
INDUSTRY IS A

PUBLIC LIMITED COMPANY HAVING A SEVEN MEMBER TEAM OF BOARD OF

DIRECTORS. MR. D K JAIN IS MANAGING DIRECTOR CUM CHIEF EXECUTIVE OFFICER OF

THE
INDUSTRY

Organization Chart of
M/S COSCO (INDIA)
LTD.

SOME MPORTANT
ACTS APPLICABLE IN
INDIAN INDUSTRIES
(A BRIEF SKECH OF EACH ACT)

FACTORY ACT, 1948

THE FACTORY ACT WAS ENACTED IN 1948 SO THEREFORE IT IS CALLED AS FACTORY ACT
1948.
PREFATORY NOTE: - THE FACTORY ACT, 1948 PROVIDES FOR THE HEALTH, SAFETY,
WELFARE AND OTHER ASPECTS OF WORKERS IN FACTORIES. THE ACT IS ENFORCED BY THE
STATE GOVT. THROUGH THEIR FACTORY INSPECTORS. THE ACT ALSO EMPOWERS THE
STATE
GOVT. TO FRAME RULES SO THAT THE LOCAL CONDITIONS PREVAILING IN THE STATE ARE
APPROPRIATELY REFLECTED IN THE ENFORCEMENT.

THE ACT WAS LAST AMENDED IN 1976

FOR STRENGTHENING THE PROVISION RELATING TO SAFETY

& HEALTH AT WORK.

OBJECT OF THE ACT :- THE MAIN OBJECT OF THE ACT IS TO ENSURE ADEQUATE SAFETY
MEASURES AND TO PROMOTE THE HEALTH AND WELFARE OF THE WORKERS EMPLOYED IN
FACTORIES INIATING VARIOUS MEASURES FROM TIME TO TIME TO ENSURE THAT ADEQUATE
STANDARD OF SAFETY HEALTH

& WELFARE ARE ACHIEVED AT WORK PLACES.

THE FACTORY ACT, 1948 HAS XI CHAPTERS AND 120 SECTIONS.

IT EXTENDS TO WHOLE OF INDIA
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INDUSTRIAL DISPUTE ACT, 1947

PREFATORY NOTE: - THE INDUSTRIAL DISPUTE ACT, 1947, PROVIDE THE MACHINERY AND
PROCEDURE FOR THE INVESTIGATION AND SETTLEMENT OF INDUSTRIAL DISPUTES.

THE

PROVISION OF THE ACT HAD BEEN AMENDED FROM TIME TO TIME IN THE LIGHT OF
EXPERIENCE GAINED IN ITS ACTUAL WORKING, CASE LAWS AND INDUSTRIAL RELATIONS
POLICY OF THE

GOVT. THE NATIONAL COMMISSION ON LABOR (1969) WHICH MADE AN IN-

DEPTH STUDY IN THE INDUSTRIAL RELATIONS AND PROCEDURES HAD IDENTIFIED A NUMBER
OF AREAS IN WHICH THE ACT NEEDED TO BE AMENDED TO PROMOTE INDUSTRIAL
HARMONY.

THE RECOMMENDATIONS OF THE NATIONAL COMMISSION WERE DISCUSSED ON VARIOUS

FORUMS.

OBJECTS OF THE ACT:THE INDUSTRIAL DISPUTE ACT, 1947, PROVIDES THE MACHINERY AND PROCEDURE FOR
THE
INVESTIGATION AND SETTLEMENT OF INDUSTRIAL DISPUTES.
THE

THE ACT WAS BROUGHT ON

STATUTE BOOK WITH THE OBJECT TO ENSURE SOCIAL JUSTICE TO BOTH THE EMPLOYERS
AND EMPLOYEES AND ADVANCE THE PROGRESS OF INDUSTRY BY BRINGING ABOUT THE
EXISTENCE OF HARMONY AND CORDIAL

SERVICE CONDITIONS OF THE WORKERS.

THE

OBJECT OF THE ACT IS TO IMPROVE THE SERVICE CONDITIONS OF INDUSTRIAL LABOR SO AS

TO

PROVIDE FOR THEM THE ORDINARY AMENITIES OF LIFE AND BY THE PROCESS TO BRING
ABOUT
INDUSTRIAL PEACE.

THE INDUSTRIAL DISPUTE ACT, 1947, HAS VII CHAPTERS AND 40 SECTIONS.
IT EXTENDS TO WHOLE OF INDIA.

MINIMUM WAGES ACT, 1965.

PREFATORY NOTE;-THE APPROPRIATE GOVT. SHALL FIX THE MINIMUM
RATES OF WAGES PAYABLE TO EMPLOYEES EMPLOYED IN AN
EMPLOYMENT.
OBJECT OF THE ACT:WHAT THE ACT PURPORT TO ACHIEVE IS TO PREVENT EXPLOITATION OF
LABOR AND FOR THAT PURPOSE AUTHORISES THE APPROPRIATE GOVT.
TO TAKE STEP TO PRESCRIBE MINIMUM RATES OF WAGES IN THE
SCHEDULED INDUSTRY. WHAT IS BEING PRESCRIBED IS MINIMUM WAGE
RATES WHICH A WELFARE STATE ASSUMES EVERY EMPLOYER MUST PAY
BEFORE HE EMPLOYS LABOR. THE ACT CONTEMPLATES THAT MINIMUM
WAGE RATES SHOULD BE FIXED IN THE SCHEDULED INDUSTRIES WITH
THE DUAL OBJECT OF PROVIDING SUSTENCE AND MAINTENANCE OF THE
WORKER AND HIS FAMILY AND PRESERVING HIS EFFICENCY AS WORKER.
AT PRESENT (JUNE 2010) MINIMUM WAGE IN HARYANA IS RS 4214/-PM

THE MINIMUM WAGES ACT, 1948, HAS 31 SECTIONS.

IT EXTENDS TO WHOLE OF INDIA.

PAYMENT OF BONUS ACT, 1965

AN ACT TO PROVIDE FOR THE PAYMENT OF BONUS TO PERSONS EMPLOYED IN CERTAIN
ESTABLISHMENTS ON THE BASIS OF PROFITS OR ON THE BASIS OF PRODUCTION OR
PRODUCTIVITY.

BONUS MEANING:BONUS IS NOT DEFINED UNDER THE ACT NOR THERE EXIST ANY DEFINITION OF BONUS
UNDER
ANY OTHER ENACTMENT. ONE OF THE TERMS OF REFERENCE TO `BONUS
WAS
TO DEFINE THE CONCEPT OF
TO

COMMISSION`

BONUS. THE COMMISSION IN ITS REPORT SAID, IT IS DIFFICULT

DEFINE IN RIGID TERMS THE CONCEPT OF BONUS BUT IT IS POSSIBLE TO URGE THAT ONCE
PROFIT EXCEEDS A CERTAIN BASE , LABOR SHOULD LEGITIMATELY HAVE A SHARE IN THEM.

IN OTHER WORDS WE THINK IT PROPER TO CONSTRUE THE CONCEPT OF BONUS AS SHARING

BY

THE WORKERS IN PROSPERITY OF THE CONCERN IN WHICH THEY ARE EMPLOYED.

THE PAYMENT OF BONUS ACT, 1965 HAS 40 SECTIONS.

IT EXTENDS TO WHOLE OF INDIA.

MATERNITY BENEFIT ACT, 1961

AN ACT TO REGULATE THE EMPLOYMENT OF WOMEN IN CERTAIN ESTABLISHMENTS FOR
CERTAIN PERIODS BEFORE AND AFTER CHILD BIRTH AND TO PROVIDE FOR MATERNITY
BENEFIT AND CERTAIN OTHER BENEFITS.

APPLICATION OF ACT:IT APPLIES TO EVERY ESTABLISHMENT BEING A FACTORY, MINE, OR

PLANTATION INCLUDING ANY ESTABLISHMENT BELONGING TO GOVT. AND TO EVERY
ESTABLISHMENT WHEREIN PERSONS ARE EMPLOYED FOR THE EXHIBITION OF EQUESTRIAN
ACROBATIC AND OTHER PERFORMANCES.TO EVERY SHOP OR ESTABLISHMENT WITHIN THE
MEANING OF ANY LAW FOR THE TIME BEING IN FORCE IN RELATION TO SHOPS AND

ESTABLISHMENTS IN A

STATE IN WHICH TEN OR MORE PERSONS ARE EMPLOYED OR WERE

EMPLOYED ON ANY DAY OF THE PRECEDING TWELVE MONTHS.

THE MATERNITY BENEFIT ACT, 1961 HAS 30 SECTIONS.

IT EXTENDS TO WHOLE OF INDIA.

PAYMENT OF GRATUITY ACT, 1972

PREFATORY NOTE:THE PROPOSAL FOR CENTRAL LEGISLATION ON GRATUITY WAS DISCUSSED IN LABOR
MINISTERS

CONFERENCE HELD AT NEW DELHI ON 24TH 7 25TH AUGUST 1971AND ALSO IN

THE INDIAN LABOR

CONFERENCE AT ITS SESSION HELD ON 22ND & 23RD OCTOBER 1971 .

THERE WAS GENERAL AGREEMENT AT THE LABOR MINISTERS CONFERENCE AND THE
INDIAN
LABOR

CONFERENCE THAT CENTRAL LEGISLATION ON PAYMENT ON GRATUITY MIGHT BE

UNDERTAKEN AS EARLY AS POSSIBLE. ACCORDINGLY THE ACT PROVIDES FOR PAYMENT OF

GRATUITY TO EMPLOYEES WORKING IN

GOVT. SEMI GOVT. ARMED FORCES, RAILWAYS,

PUBLIC SECTOR AND PRIVATE SECTORS IN THE EVENTS OF SUPERANNUATION, RETIREMENT,

RESIGNATION, AND DEATH OR TOTAL DISABLEMENT DUE TO ACCIDENT OR DISEASE.
QUANTUM OF GRATUITY PAYABLE WILL BE

THE

15 DAYS WAGES BASED ON THE RATE OF WAGES

LAST DRAWN BY THE EMPLOYEES CONCERNED FOR EVERY COMPLETED YEAR.

OBJECT OF THE ACT:THE PAYMENT OF GRATUITY ACT, 1972 PROVIDES FOR PAYMENT OF GRATUITY TO THE

EMPLOYEES EMPLOYED IN FACTORIES, MINES, AND OTHER ESTABLISHMENTS AS STATED

ABOVE IF THE EMPLOYEE HAS CONTINUOUSLY WORKED NOT LESS THAN FIVE YEARS AND
ABOVE.THE EXISTING CEILING OF THE AMOUNT PAYABLE AS GRATUITY IS

RS. TEN LACS.

PAYMENT OF GRATUITY ACT, 1972, HAS 15 SECTIONS.

IT EXTENDS TO WHOLE OF INDIA.

EMPLOYEES` STATE INSURANCE ACT,

1948
PREFATORY NOTE :AN ACT TO PROVIDE FOR CERTAIN BENEFITS TO EMPLOYEES IN CASE OF SICKNESS,
MATERNITY AND EMPLOYMENT INJURY AND TO MAKE PROVISION FOR CERTAIN OTHER
MATTERS IN RELATION THERETO.THE SCHEME WAS INAUGURATED ON
THE INDUSTRIAL TOWN OF

FEBRUARY 24 1952 IN

KANPUR AND OF DELHI. THIS HOWEVER IS BEING GRADUALLY

FOLLOWED IN OTHER INDUSTRIAL SECTORS AND OTHER COMMERCIAL AND EDUCATIONAL

INSTITUTES SO THAT THE SCHEME CAN COVER WHOLE OF INDIA.THE MEASURE IS STILL IN
THE
EXPERIMENTAL STAGE. AS EXPERIENCE IS GAINED IT WILL BE POSSIBLE NOT ONLY TO
IMPROVE THE SCHEME AND ULTIMATELY TO EXTEND IT TO THE FAMILIES OF INSURED
PERSONS BUT ALSO TO OTHER CATEGORIES OF PEOPLE.

NONETHELESS, EVEN IN ITS LIMITED

APPLICATION THE HEALTH INSURANCE SCHEME PROPOSES TO INSURE

INDUSTRIAL
EMPLOYEES IN THE NEXT FEW YEARS.

OBJECT OF THE ACT

25 MILLION

THE EMPLOYEES STATE INSURANCE ACT , 1948 PROVIDES FOR CERTAIN BENEFITS TO
EMPLOYEES IN CASE OF SICKNESS , MATERNITY AND EMPLOYMENT INJURY AND FOR
CERTAIN
OTHER MATTERS IN RELATION THERETO.
HAS BEEN RAISED FROM

THE WAGE LIMIT FOR COVERAGE UNDER THE ACT

RS. 10000/- TO RS. 15000/-PER MONTH. SECTION 39 OF THE ACT

PROVIDES FOR PAYMENT OF CONTRIBUTIONS BY EMPLOYERS AND EMPLOYEES AT RATES

SPECIFIED IN THE FIRST SCHEDULE OF THE ACT.
IS

THE EXISTING RATE OF EMPLOYEES SHARE

@ 1.75% AND EMPLOYERS` SHARE IS @ 4.75% OF THE EMPLOYEES WAGES. FREEDOM

FROM
ECONOMIC FEAR IS GREAT FREEDOM AND ALL SOCIAL SECURITY LEGISLATION ATTACK THIS
FEAR AND SEEK TO ANNIHILATE IT. IT IS FUNCTION OF IDEAL WELFARE STATE TO GIVE
EVERY
CITIZEN THE OPPORTUNITY OF EARNING HIS LIVING AND FREEDOM FROM FEAR FEAR
ESPECIALLY OF ECONOMIC RUIN WHICH CAN INVOLVE
PHYSICAL AND MORAL RUIN.

THE BENEFITS CONFERRED BY THE PROVISION OF THIS ACT

ATTACK THIS FEAR AND SEEK TO REMOVE IT.

THE BENEFITS PROPOSED FOR INSURED PERSONS BY THIS ACT ARE :1)
2)
3)
4)
5)

MEDICAL BENEFITS
SICKNESS BENEFITS
MATERNITY BENEFITS
DISABLEMENT BENEFITS
DEPENDENTS BENEFITS

THE EMPLOYEES STATE INSURANCE ACT, 1948 IS A BENEFICIAL PIECE OF LEGISLATION

INTENDS TO PROVIDE BENEFITS TO EMPLOYEES IN CASE OF SICKNESS, MATERNITY,
EMPLOYMENT INJURY AND FOR CERTAIN OTHER MATERS IN RELATION THERETO.

Employees State Insurance Act, 1948 has VIII chapters and 100 Sections.

It extends to whole of India.

EMPLOYEES` PROVIDENT FUNDS &

(MISCELLANEOUS PROVISIONS) ACT,
1952)
PREFATORY NOTE:THE EMPLOYEES PROVIDENT FUNDS AND MISCELLANEOUS PROVISIONS ACT, 1952
PROVIDES FOR THE INSTITUTION OF COMPULSORY PROVIDENT FUND FOR THE BENEFITS OF
THE
EMPLOYEES IN FACTORIES AND OTHER ESTABLISHMENTS.

THE ACT IS AT PRESENT

APPLICABLE TO173 INDUSTRIES AND CLASSES OF ESTABLISHMENTS EMPLOYING

MORE

10 OR

PERSONS.

OBJECT OF THE ACT

THE OBJECT OF THE ACT IS TO PROVIDE SOCIAL SECURITY TO THE EMPLOYEES WORKING IN

INDUSTRIES AND OTHER ESTABLISHMENTS.

EVERY ESTABLISHMENT WHERE TEN OR MORE

THAN TEN WORKERS ARE EMPLOYED IS TO BE COVERED UNDER THIS ACT. ANY EMPLOYEE
WHOSE MONTHLY WAGES

(BASIC+DA) IS UP TO RS. 6500/-PER MONTH IS TO BE MEMBER OF

PF AND ITS PENSION SCHEME. THE EMPLOYER IS TO DEDUCT @12% OF EMPLOYEES WAGES
AND ALSO CONTRIBUTE EQUAL AMOUNT I.E.

12% FROM EMPLOYERS SHARE OUT OF THAT

3.67% INTO THE ACCOUNT OF EMPLOYEES,& 8.33% TO PENSION FUND. EMPLOYEES

PROVIDENT FUNDS AND MISCELLANEOUS PROVISIONS ACT, 1952 HAS 22 SECTIONS.
IT EXTENDS TO WHOLE OF INDIA.

TRADE UNION ACT, 1926

PREFATORY NOTE:TRADE UNION MEANS ANY COMBINATION, WHETHER TEMPORARY OR PERMANENT,
FORMED PRIMARILY FOR THE PURPOSE OF REGULATING THE RELATIONS BETWEEN
WORKMEN AND EMPLOYERS OR BETWEEN WORKMEN AND WORKMEN, OR BETWEEN
EMPLOYERS AND EMPLOYERS, OR FOR IMPOSING RESTRICTIVE CONDITIONS ON THE
CONDUCT OF ANY TRADE OR BUSINESS AND INCLUDES ANY BUSINESS AND INCLUDES
ANY FEDERATION OF TWO OR MORE TRADE UNIONS.
REGISTRATION OF TRADE UNION:ANY SEVEN OR MORE MEMBERS OF TRADE UNION MAY, BY SUBSCRIBING THEIR NAMES TO
THE RULE OF TRADE UNION AND BY OTHERWISE COMPLYING WITH THE PROVISION OF
THIS ACT WITH RESPECT TO REGISTRATION, APPLY FOR REGISTRATION OF THE TRADE

UNION UNDER THIS ACT:

PROVIDED THAT NO TRADE UNION OF WORKMEN SHALL BE REGISTERED UNLESS AT
LEAST TEN PERCENT OR ONE HUNDRED OF WORKMEN , WHICH EVER IS LESS , ENGAGED OR
EMPLOYED IN THE ESTABLISHMENT OR INDUSTRY WITH WHICH IT IS CONNECTED OR THE
MEMBERS OF SUCH TRADE UNION ON THE DATE OF MAKING APPLICATION FOR
REGISTRATION;
CERTIFICATE OF REGISTRATION;
THE REGISTRAR, ON REGISTERING A TRADE UNION SHALL ISSUE A CERTIFICATE OF
REGISTRATION IN THE PRESCRIBED FORM WHICH SHALL BE CONCLUSIVE EVIDENCE THAT
THE TRADE UNION HAS BEEN DULY REGISTERED UNDER THIS ACT.
TRADE UNION ACT, 1926 HAS V CHAPTERS AND 33 SECTIONS.
IT EXTENDS TO WHOLE OF INDIA.

THE CONTRACT LABOUR (REGULATION

& ABOLITION) ACT, 1970.
IT IS AN ACT TO REGULATE THE EMPLOYMENT OF CONTRACT LABOR IN CERTAIN
ESTABLISHMENTS AND TO PROVIDE FOR ITS ABOLITION IN CERTAIN CIRCUMSTANCES AND
FOR MATTERS CONNECTED THEREWITH.
APPLICABILITY;IT APPLIES TO EVERY ESTABLISHMENT IN WHICH TWENTY OR MORE WORKMEN ARE
EMPLOYED OR WERE EMPLOYED ON ANY DAY OF THE PRECEDING TWELVE MONTHS AS
CONTRACT LABOR.
TO EVERY CONTRACTOR WHO EMPLOYS OR WHO EMPLOYED ON ANY DAY OF THE
PRECEDING TWELVE MONTHS TWENTY OR MORE WORKMEN.
IT SHALL NOT APPLY TO ESTABLISHMENTS IN WHICH WORK ONLY OF AN INTERMITTENT

OR CASUAL NATURE IS PERFORMED.

THE CONTRACT LABOUR (REGULATION AND ABOLITION) ACT, 1970 HAS SEVEN CHAPTERS
AND 35 SECTIONS.
IT EXTENDS TO WHOLE OF INDIA.

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