Mint Explainer | Why the Supreme Court is re-examining a 48-year-old definition of ‘industry’ that could affect millions
“For employers, the new definition of ‘industry’ under the IR Code may reduce regulatory obligations in certain sectors, particularly in public or non-profit institutions,” said Vivek Daswaney, who heads the employment and labour law vertical at Economic Laws Practice. “However, it could also create legal uncertainty during the transition to the new labour codes, requiring organizations to reassess employment structures, dispute resolution mechanisms, and compliance frameworks.”
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