32. Act not to apply to certain classes of employees.-
Nothing in this Act shall apply to—(i)employees employed by the Life Insurance Corporation of India;(ii)seamen as defined in clause (42) of section 3 of the Merchant Shipping Act, 1958 (44 of 1958);(iii)employees registered or listed under any scheme made under the Dock Workers (Regulation of Employment) Act, 1948 (9 of 1948), and employed by registered or listed employers;(iv)employees employed by an establishment engaged in any industry carried on by or under the authority of any department of the Central Government or a State Government or a local authority;(v)employees employed by—(a)the Indian Red Cross Society or any other institution of a like nature (including its branches); (b) universities and other educational institutions;(c)institutions (including hospitals, chambers of commerce and social welfare institutions) established not for purposes of profit;(vi)***(viii)employees employed by the Reserve Bank of India ;(ix)employees employed by—(a)the Industrial Finance Corporation of India ;(b)any Financial Corporation established under section 3, or any Joint Financial Corporation established under section 3A, of the State Financial Corporations Act, 1951 (63 of 1951);(c)the Deposit Insurance Corporation;(d)the National Bank for Agriculture and Rural Development;(e)the Unit Trust of India ;(f)the Industrial Development Bank of India ;(fa)the Small Industries Development Bank of India established under section 3 of the Small Industries Development Bank of India Act, 1989;(ff)the National Housing Bank;(g)any other financial institution (other than a banking company), being an establishment in public sector, which the Central Government may, by notification in the Official Gazette, specify, having regard to—(i)its capital structure;(ii)its objectives and the nature of its activities;(iii)the nature and extent of financial assistance or any concession given to it by the Government; and(iv)any other relevant factor;(x)***(xi)employees employed by inland water transport establishments operating on routes passing through any other country.
