BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Answer. Explanation: The trade Unions Act, 1926 provides for registration of trade unions with a view to render lawful organisation of labour to enable collective bargaining. It also confers on a registered trade union certain protection and privileges.

Detailed explanation-2: –Every registered Trade Union shall be a body corporate by the name under which it is registered, and shall have perpetual succession and a common seal with power to acquire and hold both movable and immovable property and to contract, and shall by the said name sue and be sued.

Detailed explanation-3: -Right to Contract: A registered trade union, being a legal person, can enter into agreements and contracts on its own name. Right to own property: A registered trade union can purchase and own movable and immovable property in its own name. Right to Sue: A trade union is a juristic person.

Detailed explanation-4: -The objective of the Trade Unions Act of 1926 was to: Ensure Security of Workers: This ensured continued employment of workers, prevent retrenchment, lay off or lock-outs. Controlled application of “fire” or dismissal or discharge and VRS.

Detailed explanation-5: -A trade union is an organisation made up of members (a membership-based organisation) and its membership must be made up mainly of workers. One of a trade union’s main aims is to protect and advance the interests of its members in the workplace. Most trade unions are independent of any employer.