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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Amended Section 32 Redefines Employee Classifications in Banking and Industrial Sectors with Strategic Regulatory Updates</h1> The amendment modifies section 32 of the principal Act, specifically addressing employee categories in banking and industrial sectors. It substitutes the clause regarding banking company employees, inserts the Industrial Reconstruction Corporation of India into existing provisions, removes references to banking companies in certain sub-clauses, and eliminates clause (x) entirely. The changes appear to refine the scope and application of the original statutory provisions.
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