Trade unions

vijay kiran (Querist) 09 July 2020 This query is : Resolved
Sir,
My doubt is can a trade union buy shares of its own psu if the pay is going for listing of shares

What's the actual position of trade union in the eyes of law

Pls explain

Thankss in advance

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Quick Summary

This discussion explores whether trade unions can legally purchase shares in their own Public Sector Undertaking (PSU) when it's set for share listing. While the primary roles of trade unions involve worker welfare, cooperation, and safeguarding interests, share ownership is presented as a novel concept not yet widely recognised. The response questions the practical relevance and underlying motivation behind this academic query, suggesting unions typically focus on labour matters rather than investments.

Dr J C Vashista (Expert) 09 July 2020
The most important functions of the trade union are
i. Increasing Co-operation and Well-being among Workers
ii. Securing Facilities for Workers
iii. Establishing Contacts between the Workers and the Employers
iv. Trade Unions working for the Progress of the Employees
v. Safeguarding the Interests of the Workers and last but not least
vi. Provision of Labor Welfare.
However, buying shares of an organisation (PSU) is a new concept ,which is yet to see light of the day and to be recognised by Trade Unions vis-a-vis employers.

Message likes : 1 times

Rajendra K Goyal (Expert) 09 July 2020
How are you concerned?

What is the real problem behind this academic query?

Trade unions deal in union matter not in shares.

P. Venu (Expert) 11 July 2020
You have not posted the complete facts.

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