Section 32. Nothing in this Act shall apply to

32. Nothing in this Act shall apply to— (i) employees employed by any insurer carrying on general insurance business and the employees employed by the Life Insurance Corporation of India; (n) seamen as defined in clause (42) of section 3 of the Merchant Shipping Act, 1958; 44 of 1958. (in) employees registered or listed under any scheme made 9 of 1948. under the Dock Workers (Regulation of Employment) Act, 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; (u) employees employed by— (a) the Indian Red Cross Society or any other r»sW*u*ion 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) employees employed through contractors on building operations; Cognizanot of offencM, Protection of action taken undoi tho Act Act not to apply to ccrtaix classes omployeei. 519 Q. of 1—9. THE GAZETTE OF INDIA EXTRAORDINARY [PAHT II Act to apply 10 certain pending dispute! regarding payment of bonus. (vii) employees— (a) who have entered before the 29th May, 1965, into any agreement or settlement with their employers for payment of an annual bonus linked with production or productivity in lieu of bonus based on profits; or (b) who have entered or may enter after that date into any agreement or settlement with their employers for payment of such annual bonus in lieu of the bonus payable under this Act, for the period for which such agreement or settlement is in operation; (viii) employees employed by the Reserve Bank of India; (ice) employees employed by— (a) the Industrial Finance Corporation of India; (5) any Financial Corporation established under section 3, or any Joint Financial Corporation established under section 3A, of the State Financial Corporations Act, 1951; (c) the Deposit Insurance Corporation; (d) the Agricultural Refinance Corporation; (e) the Unit Trust of India; (f) the Industrial Development Bank of India; (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; (Hi) the nature and extent of financial assistance or any concession given to it by the Government; end (iv) any other relevant factor; (x) employees employed by any establishment in public sector, save as otherwise provided under this Act; (xi) employees employed by inland water transport establishments operating on routes passing through any other country.