General Fund of a Trade Union
Under Section 15 of the Trade Unions Act, 1926, a registered Trade Union maintains a General Fund derived from membership subscriptions. This fund is restricted and can only be used for specific objects:
Payment of salaries and allowances to office-bearers.
Expenses for the administration of the union and audits.
Prosecution or defense of legal proceedings to protect trade union rights.
Conduct of industrial disputes (e.g., strike benefits).
Compensation for members for loss arising out of trade disputes.
Provision of educational, social, or religious benefits for members.
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