https://www.taxtmi.com/acts?id=52820 Employers must apply at least ninety days before closing an industrial undertaking and notify worker representatives; the appropriate Government may grant or refuse permission after enquiry, and failure to decide within sixty days results in deemed grant. Orders are final for one year but may be reviewed or referred to a Tribunal. Closures without permission or after refusal are illegal and confer statutory benefits on workers. Exceptional circumstances may exempt the prior-permission requirement. Permitted or deemed closures entitle each worker employed before the application date to compensation equivalent to fifteen days' average pay per completed year of continuous service, with pro rata treatment for service beyond six months. en-us Thu, 15 Jan 2026 16:35:17 +0530 Thu, 15 Jan 2026 16:35:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=52820 Employers must apply at least ninety days before closing an industrial undertaking and notify worker representatives; the appropriate Government may grant or refuse permission after enquiry, and failure to decide within sixty days results in deemed grant. Orders are final for one year but may be reviewed or referred to a Tribunal. Closures without permission or after refusal are illegal and confer statutory benefits on workers. Exceptional circumstances may exempt the prior-permission requirement. Permitted or deemed closures entitle each worker employed before the application date to compensation equivalent to fifteen days' average pay per completed year of continuous service, with pro rata treatment for service beyond six months. Act-Rules Labour laws Thu, 15 Jan 2026 16:35:17 +0530 https://www.taxtmi.com/acts?id=52820